Ask a New Question

Question

how did monopolies hinder the free enterprise system.
7 years ago

Answers

Ms. Sue
If only one or two companies have a monopoly in an industry, it can charge what it wants and provide poor service, but not lose customers. In a free enterprise system, competition keeps prices and service fair.

7 years ago

Related Questions

pure monopolies are relatively rare in the real world because a. most goods have close substitutes b... Is it true that monopolies do not exist in our economy? Please explain What cause monopolies? re-word this Monopolies and big businesses used their money and power to influence politics, leadin... Is Oil, Trusts, and Monopolies a cause-and-effect relationship? trust, oil and monopolies cause and effects Some monopolies are created because competing businesses do which of the following? Merge togethe... Monopolies were legal in the United States until the 1860s the 1870s the 1880s t... ow do monopolies affect the price of goods? Monopolies always result in higher prices. Monopolies... Why are monopolies generally not good? a they limit competition b there are too many
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use