Get premium membership and access questions with answers, video lessons as well as revision papers.

What are the disadvantages of a monopoly market structure?

      

What are the disadvantages of a monopoly market structure?

  

Answers


John
1. Operates at access capacity i.e. below optimum capacity

2. Charge higher prices

3. poor quality goods and services. Limit variety of goods in the market

4. May limit the output (create shortage)

johnmulu answered the question on January 19, 2017 at 06:12


Next: Outline four causes of cost–push inflation
Previous: State four negative effects of unemployment

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions