Answered

How can monopolies unfairly impact consumers?

A. Monopolies might flood the market with cheap, poorly made goods.

B. Monopolies can charge high prices for their goods because they do not face competition.

C. Monopolies might force consumers to buy their goods, whether buyers want them or not.

D. Monopolies can lead to corruption because their owners can bribe the government.



Answer :

GinnyAnswer

Final answer:

Monopolies negatively impact consumers through high prices, limited choice, and the potential for corruption.


Explanation:

A monopoly can unfairly impact consumers in several ways:

  1. Monopolies can charge high prices for their goods because they do not face competition, resulting in consumers paying more than they would in a competitive market.
  2. Monopolies might force consumers to buy their goods, regardless of whether buyers want them or not, limiting consumer choice and power.
  3. Monopolies can lead to corruption as their owners may be able to bribe the government, further exploiting consumers.

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