Economy, asked by busixabisa, 2 months ago

Why do state-owned monopolies in South Africa find it difficult to
make an economic profit?

Answers

Answered by earthrajpradhan2020
3

Answer:

4 Reasons Why They're Bad for an Economy

Monopolies restrict free trade and prevent the market from setting prices. ... Price fixing: Since monopolies are lone providers, they can set any price they choose. That's called price-fixing. They can do this regardless of demand because they know consumers have no choice.

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