How does monopoly harm the consumer?

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asked May 1, 2017 69.7k views

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Graney · Answer 1 · 2017-05-07T09:57:48+0000

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

How does monopoly harm the consumer?

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