Question

could you support monopolistic rights of company? why? please say correct and simple answer​

Answer 1

Answer:

What Is a Monopoly?

A monopoly refers to when a company and its product offerings dominate a sector or industry. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market (goods, supplies, commodities, infrastructure, and assets) for a particular type of product or service. The term monopoly is often used to describe an entity that has total or near-total control of a market.

Why Are Monopolies Illegal?

A monopoly is characterized by the absence of competition, which can lead to high costs for consumers, inferior products and services, and corrupt behavior. A company that dominates a business sector or industry can use that dominance to its advantage, and at the expense of others. It can create artificial scarcities, fix prices, and circumvent natural laws of supply and demand. It can impede new entrants into the field, discriminate and inhibit experimentation or new product development, while the public—robbed of the recourse of using a competitor—is at its mercy. A monopolized market often becomes an unfair, unequal, and inefficient.

Answer 2

Answer:

It can create artificial sacrifices,fix prices and circumvent natural law's of supply and demand.it can impede new extrants into the field.discriminate and inhibit experimentation or new products development.