What are some socially undesirable effects of a monopoly, Ask an Expert

Economics

What are some socially undesirable effects of a monopoly industry (which means a single firm) producing less output than a similar competitive industry? How do you feel about the excess profits of a monopolist over more benefits to consumers? Provide specific examples to support your answers.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91956328

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