The presence of a privately-owned monopoly is beneficial to:
A)the monopolist.
B)consumers.
C)society overall.
D)government.

Question

Quizplus · Accepted Answer

A privately-owned monopoly benefits the monopolist by allowing them to control market prices and maximize profits without competition. This situation typically does not benefit consumers or society overall, as it can lead to higher prices and less innovation. Governments might regulate monopolies but do not inherently benefit from their existence.

The Presence of a Privately-Owned Monopoly Is Beneficial To