Disadvantages of monopoly
Disadvantages of monopoly
Inefficiency in production
Does not cater to the demands of consumers
May exploit the consumers as it is the only business providing the product
May charge higher price by decreasing the supply
Disadvantages of monopoly
Inefficiency in production
Does not cater to the demands of consumers
May exploit the consumers as it is the only business providing the product
May charge higher price by decreasing the supply
