Why monopoly is bad for society?

Because they face little or no competitive pressure, monopolists often produce inferior products because they know that customers cannot find an alternative product or service. Monopolists are free to limit production, driving prices even higher.

121.8K

799.3K views
2023-11-06 02:29:29

Show all Q/A Info

Why is monopoly bad game?
It's billed as a trading game, but trades are almost never a good idea; properties vary too highly in value and money is all but worthless over the long term. If one player scores some choice properties early, the rest of the game is just the other players bleeding cash — a frustrating and purposeless waste of time.
2024-02-03 20:21:05

Is monopoly a good or bad thing?
Monopolies over a particular commodity, market or aspect of production are considered good or economically advisable in cases where free-market competition would be economically inefficient, the price to consumers should be regulated, or high risk and high entry costs inhibit initial investment in a necessary sector.
2024-01-11 14:45:11

What is a bad hand in poker called?
The Devil's Hand
This is a nickname for the Seven-Deuce hand, considered the worst possible hand in poker. The poker hands odds of this winning are low, so players usually fold when they are dealt it. Unlike in video games, where any item with the name Devil is guaranteed to be strong, the opposite is true for poker.
2023-11-10 16:19:22

Is gambling good or bad for society?
The social ills associated with problem gamblers are widespread and often go beyond an addition to gambling. Problems with gambling can lead to bankruptcy, crime, domestic abuse, and even suicide.
2023-07-19 06:39:55

Recommended Next Q/A: