A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 3 years ago

A benefit of monopoly for the business owner is

  • This Question is Open
  1. Marzattack
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    incentive for quality. ability to set prices. consumer choice. government funding.

    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Perhaps the only reason why a monopoly would be good for a business owner is the ability to set prices without fear of competition. It is NOT good for quality, consumer choice, or govt funding. This is why in the U.S. and many other countries we tend to encourage competition and discourage monopoly except for certain areas of production such as water, electricity, etc where the costs of the infrastructure is so large. wmw

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.