kyliec242 kyliec242
  • 13-04-2021
  • Business
contestada

How would your life be affected by having to buy products manufactured by a monopoly?

Respuesta :

Summerwalker0
Summerwalker0 Summerwalker0
  • 13-04-2021

Answer:

no industry competition

Explanation:, a monopoly's price is the market price and demand is market demand. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. As the sole supplier, a monopoly can also refuse to serve customers.

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