IDNLearn.com offers a unique blend of expert answers and community-driven insights. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.
Identify one advantage and two disadvantages of a monopoly.
A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it. It's bad because it defeats competition between other competing companies, and prices will go up It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money Hope this helps!
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. Thank you for choosing IDNLearn.com. We’re committed to providing accurate answers, so visit us again soon.
