Answer:
- 1) Higher prices than in competitive markets Monopolies face inelastic demand and so can increase prices – giving consumers no alternative.
- 2) A decline in consumer surplus.
- 3) Monopolies have fewer incentives to be efficient.
- 4) Possible diseconomies of scale. Explanation:
<h3>Hope this answer will help you.</h3>
Answer:
A few major types of interviews
- informational interview
- individual interview
- screening or telephone interview
Hope this helped!
The King issued a Proclamation of Rebellion.
