What are the advantages and disadvantages of the market structure of monopoly?

Answer 1

advantages of monopoly

1 no risk of over prodution

2 there is enough capital for reseach

3 reduction in price of good

4 efficiently use of resourses

5 control over entire market

6 others are price takers

7 only producer of a particular product or service

disadvantages of monopoly

1 exploitation of consumers

2 restriction of consumers choice

3 absence of competition leads to inefficiency

4 increase in price of product

5 expoitation of labor i.e when price is greater than marginal cost.

Answer 2

i want to know about monopoly