Possible reasons for the poor performance of the monopolies

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asked Aug 10, 2022 16.9k views

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Ahmed Mokhtar · Answer 1 · 2022-08-16T03:19:01+0000

Answer:

Supply can be restricted to keep prices high. This leads to underprovision, or scarcity. Thus, according to general equilibrium economics, a monopoly can cause deadweight loss, or a lack of equilibrium between supply and demand.

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Possible reasons for the poor performance of the monopolies

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Possible reasons for the poor performance of the monopolies