Question

Question 9 of 20
Why are monopolies usually harmful for economies?
A. They drive up prices by eliminating competition.
B. They create inefficiencies by lowering barriers to entry.
C. They place limits on the profits a company can earn.
D. They encourage consumers to buy imported goods.
SUBMIT

Answer 1

Answer:

A

Explanation:

With the elimination of competition, the cost of goods sky rocket because they can charge what they want and have no repricussions.