How do monopolies negatively impact consumers??

History

1 answer:

Xelga [282]3 years ago

8 0

Answer:

<u>A monopoly's potential to raise prices indefinitely </u>is its most critical detriment to consumers. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. As the sole supplier, a monopoly can also refuse to serve customers.

Explanation:

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