Advantages of monopoly include all of the following except
A) have resources that can finance research and development
B) eliminate duplication that could be present with 2 or more smaller firms
C) produce enough output to take advantage of economies of scale
D) provide for a more equal distribution of income

Question

Quizplus · Accepted Answer

Monopolies can lead to an unequal distribution of income because they can set higher prices due to lack of competition, concentrating wealth in the hands of the monopolist rather than distributing it more evenly across a competitive market.

Advantages of Monopoly Include All of the Following Except