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is it good or bad for a company to have a monopoly on their sector of business

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Kristenmaneidn

Answer:

Monopolies are bad because they control the market in which they do business, meaning that they don't have any competitors. ... This means that a monopoly can charge high prices, above fair market prices, produce inferior quality goods, increasing their profits, knowing that consumers will still have to buy their products.

Explanation:

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