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What are the disadvantages of a monopoly market structure?

What are the disadvantages of a monopoly market structure?

Answers


John
1. Operates at access capacity i.e. below optimum capacity

2. Charge higher prices

3. poor quality goods and services. Limit variety of goods in the market

4. May limit the output (create shortage)

johnmulu answered the question on January 19, 2017 at 06:12

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