Economy, asked by Saifßàã, 8 months ago

Give some implications of monopoly?​

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Answered by shubhangi9235
1

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Answered by llxdevilgirlxll
4

hyy dude

Monopolies restrict free trade and prevent the market from setting prices . That creates the following IV adverse effects :

Price fixing : Since monopolies are lone providers , they can set any price they choose .

Loss innovation : Monopolies lose any incentive to innovate or provide " new and improved " products .

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