Question

Define the advantages of monopoly?​

Answer 1

hey mate

here's your answer

Advantages of monopoly are

Advantages of monopoly. Monopolies are generally considered to have disadvantages (higher price, fewer incentives to be efficient). However, monopolies can benefit from economies of scale (lower average costs) and have a greater ability to fund research and development.

Answer 2

main advantages of monopoly......

*High level of research and development..

*High level of skill and efficieny....