8
How does a corporate How does a corporate
monopoly impact the economy?
OA.' A monopoly decreases the amount of competition.
OB. A monopoly helps create new markets.
OC. A monopoly increases the amount of production.
OD. A monopoly helps reduce unemployment.

A monopoly's potential to raise prices indefinitely is its most critical detriment to consumers. Because it has no industry competition, a monopoly's price is the market price and demand is market demand. ... As the sole supplier, a monopoly can also refuse to serve customers.

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vktanonymous vktanonymous · Answer 2 · 2022-05-25T10:22:35+02:00

The corporate monopoly impact the economy by decreasing the amount of competition.

What is monopoly?

The monopoly is when a company becomes the only supplier of a particular or some particular services in the market.

Now, because there is only one company which is providing that service, so now it's up to the company to fix the rate, demand and quality of the product whatever they want as there will no competition for them in the market.

Hence, Option A is true because monopoly decreases the amount of competition.

Learn more about monopoly here,

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8 How does a corporate How does a corporate monopoly impact the economy? OA.' A monopoly decreases the amount of competition. OB. A monopoly helps create new markets. OC. A monopoly increases the amount of production. OD. A monopoly helps reduce unemployment.

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What is monopoly?

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8
How does a corporate How does a corporate
monopoly impact the economy?
OA.' A monopoly decreases the amount of competition.
OB. A monopoly helps create new markets.
OC. A monopoly increases the amount of production.
OD. A monopoly helps reduce unemployment.