Advantages and Disadvantages of Monopoly?


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.
Q&A Related to "Advantages and Disadvantages of Monopoly?"
advantages of monopoly. 1 no risk of over prodution. 2 there is enough capital for reseach. 3 reduction in price of good. 4 efficiently use of resourses. 5 control over entire market
From the point of view of society: The advantage of a monopoly is that in some industries it is the most cost-effective way of providing services (the standard example is public utilities
There are so many in the
Mutual funds. are currently the most popular investment vehicle and provide several advantages to investors, including the following: However, there are also disadvantages of mutual
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