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Alex Ar [27]
3 years ago
15

Why are monopolies a problem for an economy

History
2 answers:
Gala2k [10]3 years ago
8 0

Monopolies restrict free trade and prevent the market from setting prices.

Kazeer [188]3 years ago
6 0

Answer:

Monopolies restrict free trade and prevent the market from setting prices. Price fixing: Since monopolies are lone providers, they can set any price they choose. That's called price-fixing. They can do this regardless of demand because they know consumers have no choice.

Explanation:

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