Monopoly is not only inefficient, but it also tends to create equity problems.

Name: Monopoly is not only inefficient, but it also tends to create equity problems.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Monopoly creates inefficiencies by limiting competition and potential innovation in the market. It also often results in higher prices and lower quality products. Additionally, monopoly power can lead to significant disparities in wealth and income distribution, creating equity issues.

Monopoly Is Not Only Inefficient, but It Also Tends to Create