Why is monopoly bad and how does competition improve the market? | Oneindia News
- 3 years ago
Where there is a monopoly, competition is absent. Where a firm dominates a market, competition is curtailed. For consumers, that can mean rising prices and inferior quality. Competition authorities seek to maintain or restore competition to markets.
#OIDW #Monopoly #EconomicExplained
#OIDW #Monopoly #EconomicExplained