Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

How can monopolies unfairly impact consumers?

A. Monopolies might flood the market with cheap, poorly made goods.

B. Monopolies can charge high prices for their goods because they do not face competition.

C. Monopolies might force consumers to buy their goods, whether buyers want them or not.

D. Monopolies can lead to corruption because their owners can bribe the government.

Sagot :

GinnyAnswer

Final answer:

Monopolies negatively impact consumers through high prices, limited choice, and the potential for corruption.


Explanation:

A monopoly can unfairly impact consumers in several ways:

  1. Monopolies can charge high prices for their goods because they do not face competition, resulting in consumers paying more than they would in a competitive market.
  2. Monopolies might force consumers to buy their goods, regardless of whether buyers want them or not, limiting consumer choice and power.
  3. Monopolies can lead to corruption as their owners may be able to bribe the government, further exploiting consumers.

Learn more about Impact of monopolies on consumers here:

https://brainly.com/question/50950443


Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.