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timurjin [86]
2 years ago
8

What is the end Result of the creation of a monopoly?

History
1 answer:
jarptica [38.1K]2 years ago
8 0

Answer:

The monopoly pricing creates a deadweight loss because the firm forgoes transactions with the consumers. Monopolies can become inefficient and less innovative over time because they do not have to compete with other producers in a marketplace. In the case of monopolies, abuse of power can lead to market failure.

Explanation:

sana nakatulong ako

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