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1 June, 01:49

Why monopolies are considered to be bad?

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  1. 1 June, 05:13
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    Answer & Explanation:

    The advantage of monopolies is an ensured consistent supply of a commodity that is too expensive to provide in a competitive market. An electric company is a good example of a needed monopoly. The disadvantages of monopolies are: Price fixing privileges that allow them to dictate prices, regardless of demand.
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