jacobanderson5177 jacobanderson5177
  • 15-08-2020
  • Business
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The economy is generally better off when monopolies are broken up. Why is it hard for governments to do this

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topeadeniran2 topeadeniran2
  • 15-08-2020

Answer:

• Monopolies often have laws to protect them.

• Monopolists have a lot of money to fend off antitrust lawsuits.

• Sometimes keeping it intact is the best option.

Explanation:

A monopolist is an individual or a company that controls every market for a certain product or service. It should be noted that a monopolist has a great power, enjoy economies of scale and influences price.

It is hard for government to break up monopoly because they have a huge amount of money and some are protected by the law.

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