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TEA [102]
3 years ago
14

Give possible reasons for the poor performance of the monopolies​

Social Studies
1 answer:
Vlad [161]3 years ago
7 0

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>

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