How do monopolies harm the consumer?

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asked Apr 6, 2018 43.1k views

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Sashant Pardeshi · Answer 1 · 2018-04-13T05:40:08+0000

monopolies are the only provider, they can set pretty much any price they choose,regardless of the demand, because they know the consumer has no choice. They can also supply inferior products.

How do monopolies harm the consumer?

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