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Advantages and Disadvantages of Monopoly?

Answer

An advantage of a monopoly is that duplication and wasting of services is not possible. Another advantage is that the profitable nature of this type of company allows it to be used for research purposes. A major disadvantage of a monopoly is that the quality of service is usually lacking. Another disadvantage is that consumers are often charged higher prices due to the duplication of resources not being available. Additionally, products made by these means are often of lesser quality.
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