Question

Explain the advantages and disadvantages of monopoly.​

Answer 1

Explanation:

Monopolies are generally considered to have several disadvantages (higher price, fewer incentives to be efficient e.t.c). However,monopolies can also give benefits, such as – economies of scale, (lower average costs) and a greater ability to fund research and development.

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Answer 2

Monopoly are generally considered to generally disadvantages (higher price,fever incentives to efficient etc.) However,monopolyies can also give benefits,such as-economics of scale,(tower average costs) and a greater ability to fund reasearch and development.

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