Answered

Get expert advice and community support on IDNLearn.com. Find reliable solutions to your questions quickly and accurately with help from our dedicated community of experts.

How can monopolies unfairly impact consumers?

A. Monopolies might flood the market with cheap, poorly made goods.

B. Monopolies can charge high prices for their goods because they do not face competition.

C. Monopolies might force consumers to buy their goods, whether buyers want them or not.

D. Monopolies can lead to corruption because their owners can bribe the government.

Sagot :

GinnyAnsweridn

Final answer:

Monopolies negatively impact consumers through high prices, limited choice, and the potential for corruption.


Explanation:

A monopoly can unfairly impact consumers in several ways:

  1. Monopolies can charge high prices for their goods because they do not face competition, resulting in consumers paying more than they would in a competitive market.
  2. Monopolies might force consumers to buy their goods, regardless of whether buyers want them or not, limiting consumer choice and power.
  3. Monopolies can lead to corruption as their owners may be able to bribe the government, further exploiting consumers.

Learn more about Impact of monopolies on consumers here:

https://brainly.com/question/50950443


Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. For precise answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.