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Do you think monopolies should exist today or do you think there should be fair competition among businesses and why? What are the benefits and negatives to having monopolies as…

Do you think monopolies should exist today or do you think there should be fair competition among businesses and why? What are the benefits and negatives to having monopolies as…
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5 votes
Do you think monopolies should exist today or do you think there should be fair competition among businesses and why?

What are the benefits and negatives to having monopolies as well as not having them?

asked
User Kyle Ledbetter
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8.2k points

1 Answer

7 votes
Benefits- controlled by one group
Negatives- no variety for consumers and may lead to unfair prices because they know there is no one else to compete against
answered
User Laurita
by
8.6k points
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