1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Irina18 [472]
3 years ago
12

What are some advantages of having a monopoly on a certain product or service? What are some of the dangers? Will Mark BRAINLIES

T!!
History
1 answer:
velikii [3]3 years ago
7 0

Answer:

For a company, having a monopoly comes with many advantages because they are the only ones who sell the product or service.  This means that everyone who requires that service or product has to buy it from them, so they will have high profits and no competition.

Explanation:

Additional advantages are that, since they are the only one who provides a good or service, they can sell it at whatever price they want.

However, there are potential dangers to having a monopoly, especially for consumers.  Since the company is the only one who sells the product, the quality of the good or service can often be poor.  Consumers will also be forced to pay high prices because there is no competition and, therefore, no other option to choose from.

You might be interested in
The market value of cell phones made and sold in America by a Japanese-owned company is included in _____.
soldier1979 [14.2K]
The answer to this is the US's GTP
8 0
3 years ago
What can you infer about the people
Evgen [1.6K]

The answer is D, religion was very important to them.

6 0
3 years ago
Read 2 more answers
The continuation states that the right to govern comes from the people is that true or false
stealth61 [152]
The correct answer is true. The constitution states that the people have the right to change the government as soon as it becomes destructive. This places the power to govern in the people's hands.
6 0
3 years ago
Read the passage from a Soviet ambassador.
Arturiano [62]
On Edgenuity the answer for me was: C. Distrust
7 0
3 years ago
Read 2 more answers
Which region wanted their independence from Austria-Hungary?
never [62]

Answer:

C) The Balkans

Explanation:

4 0
2 years ago
Other questions:
  • What factors lay behand the political disintergration of the muslim world during the 9th and 10th centuries ce?
    5·1 answer
  • Why should immigrants learn the America language
    15·2 answers
  • Why did the united states not join the league of nations, why did the senate not support it?
    14·1 answer
  • Which group became the main residents of the inner city during the Gilded Age?
    9·2 answers
  • This act eliminated the so-called literacy tests that had disqualified many voters. it also stated that federal examiners could
    9·1 answer
  • Please help! How were Western nations able to expand their control over Asia and Africa so quickly?
    9·2 answers
  • Which statement best summarizes how interpreted in very strict terms government have changed over time
    9·1 answer
  • The arctic circle crosses which four countries on the european mainland?​
    15·1 answer
  • All of the following are evidence of the success of the Populist Party in Texas politics EXCEPT:
    15·1 answer
  • Ravenous and savage
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!