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

Question

Quizplus · Accepted Answer

The presence of a privately-owned monopoly only benefits the monopolist, as they are able to control prices and limit competition in the market, leading to higher profits. It does not benefit consumers or society overall, who may have limited options and higher prices. It also does not benefit the government, as they may need to regulate and intervene in the market to ensure fair competition and prevent exploitation.

The Presence of a Privately-Owned Monopoly Helps