Will fan and medal.

Shot Answer Essay Question.

Describe one advantage and disadvantage of a monopoly. What action was taken to limit monopolies?

Question

Will fan and medal.

Shot Answer Essay Question.

Describe one advantage and disadvantage of a monopoly. What action was taken to limit monopolies?

stefrheart · Answer

What is it that you need help with?

anonymous · Answer

i dont know what to write. its a short answer essay question.

stefrheart · Answer

Well frst what is the definition of a monopoly?

anonymous · Answer

the exclusive possession or control of the supply or trade in a commodity or service

stefrheart · Answer

Okay so what is one disadvantage of monopoly?

anonymous · Answer

the prices charged by monopolies are always higher than they would be under perfectly competitive markets.

stefrheart · Answer

And what is one advantage?

anonymous · Answer

in some industries it is the most cost-effective way of providing services

stefrheart · Answer

Okay what action was taken to limit monopolies?

anonymous · Answer

Sherman Antitrust Act

stefrheart · Answer

Now the best way to write this essay is give the definition of the word, then say the advantages, then the disadvantages, and then the Sherman Antirust act and how it limits monopolies.