Question

hence what are the advantages of monopoly in points​

Answer 1

Advantages of Monopoly are:

• Monopoly makes lots of profit hence it can be used to encourages Research and Development (R&D).
• Economic of scale can be gained and consumer may get benefit of it.
• Monopoly encourages innovation.
• Competiton for corporate control.
• Abnormal profits in long term can be seen in monopoly of products or services.
• There is possibility of price discrimination during monopoly.

Answer 2

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.