Question

Why is having a monopoly in business a

bad thing?
A. It causes other businesses to join the market.
B. It causes higher prices and lower quality.
C. You have to pay higher taxes to support them.

Answer 1

B. A monopoly is when one company has control over everything. For example the game monopoly. The goal is to own every property. The more someone owns when you land on their space, the more you pay.