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Highlight four problems associated with monopoly market structure.

Answers

- Leads to charging of high prices
- Causes the production of sub-standard products since there is no competition
- It may cause unequal distribution of income
- Too much monopoly power may be used to influence government to adopt unfavourable policies
- Some may operate at excess capacity causing unemployment and wastage of resources

sharon kalunda answered the question on September 2, 2019 at 09:42

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