What are two advantages of being a monopoly for a business
Answers
Answered by
3
Answer:
Advantages of being a monopoly for a firm
They can charge higher prices and make more profit than in a competitive market.
The can benefit from economies of scale – by increasing size they can experience lower average costs – important for industries with high fixed costs and scope for specialisation.
please plz plz plz mark me as brainliest
if you do then I will follow you
Similar questions