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Does not give the customer the right to choose, and without competition must pay the asking price of whatever the organization sets. The government makes it a point to break up monopolies, to increase competition which is better for society in general, as well as the economy.

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Q: Briefly answer what is so bad about monopoly for the consumer?
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What prevents a pure monopoly from occurring?

Monopolies are usually bad for society so governments either nationalise them or regulate them.


Briefly answer what is so bad about monopoly Can anything be good said about monopoly?

Advantages Of Monopoly* Research and Development. Supernormal Profit can be used to fund high cost capital investment spending. Successful research can be used for improved products and lower costs in the long term. E.g. Telecommunications and Pharmaceuticals. * Economies of scale. Increased output will lead to a decrease in average costs of production. These can be passed on to consumers in the form of lower prices. * International Competitiveness. A domestic firm may have Monopoly power in the domestic country but face effective competition in global markets. E.g. British Steel * A firm may become a monopoly through being efficient and dynamic. A monopoly is thus a sign of success not inefficiency.Source: Economic Help


Why are monopolies so dangerous in a capitalist economy?

they are dangerous because they can cause trouble and make fights btween people so dont get in a monopoly


Why do companies form monopolies?

So they can control one service, or item. To get rich. A monopoly does nothing good for the consumer because there is no competition to work against so they are able to set prices to make as much as they can.


What is so bad about Monopoly can anything be said that is good about Monopoly?

Monopoly is well thought of, but I don't like it. IT'S TOO LONG, AND BECAUSE IT'S SO LONG IT'S EXTREMELY FRUSTRATING TO LOSE, SPENDING AN HOUR OR MAYBE MORE PLAYING A GAME AND THEN LOSING!But if you like strategy and the enjoyment of crushing your rivals then its the game for you (not for impatient people)


Why is walmart considered to be a monopoly company?

It is so, because they sell "Monopoly" the board game.


Is iTunes a monopoly?

There are numerous retailers of digital media so iTunes can not be described as a monopoly.


How many different properties can be bought in Monopoly?

Monopoly has 28 properties in the game. So the answer is 28 properties can be purchased during a game of Monopoly.


No firm is completely sheltered from rivals all firms compete for consumer dollars if that is so does pure monopoly exist?

If you were doing your homework properly and reading your textbook from Ashford...you wouldn't be posting this and asking someone to answer!!!!! -----from a teacher...


What happens if you walk away from a mortgage and a home equity loan?

The situation can be so bad that it is a rational decision. However, there are serious consequences that result from walking away from a mortgage. The issue is actually too broad to answer briefly. See the articles in the related links for more information.The situation can be so bad that it is a rational decision. However, there are serious consequences that result from walking away from a mortgage. The issue is actually too broad to answer briefly. See the articles in the related links for more information.The situation can be so bad that it is a rational decision. However, there are serious consequences that result from walking away from a mortgage. The issue is actually too broad to answer briefly. See the articles in the related links for more information.The situation can be so bad that it is a rational decision. However, there are serious consequences that result from walking away from a mortgage. The issue is actually too broad to answer briefly. See the articles in the related links for more information.


How a government is involved in creating a monopoly?

The government can create a monopoly when, in doing so, it is in the interest of the public good.


Is scud a consumer?

It is a secondary consumer, so yeah, it is a consumer.