Answer:
PROBLEMS CREATED BY MONOPOLIES:
1. monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.
2. disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
3. it can cause inequality, and political abuse.
4. Monopoly tends to limit options available to consumers. Monopoly results in allocative inefficiency--in other words, the monopoly price is higher than the marginal cost of production. Profits do not encourage entry into the industry.
BRAINLIEST PLEASE
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Answer:
1:achievement of one's goal.
Globalization has impacted consumers by, having more choices on where to buy what you need keeping prices low.
Answer: Congress must call a convention for proposing amendments upon application of the legislatures of two-thirds of the states
Explanation:
Congress must pass a proposed amendment by a two-thirds majority vote in both the Senate and the House of Representatives and send it to the states for ratification by a vote of the state legislatures.
