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Mathematics 14 Online
OpenStudy (anonymous):

People often complain about monopolies. What aspect of monopoly behavior does a normal consumer complain about? **not sure!! any help will be great!! thank you:)

OpenStudy (mathstudent55):

A monopoly is when one company is the only one supplying a certain product or service. Since there is no competition, the company can set any price for its goods or services.

OpenStudy (anonymous):

Ohh so the people complain about the price changes? oftentimes too high?

Parth (parthkohli):

A monopoly is also free to compromise the quality of its products and there is no one to stop it.

OpenStudy (anonymous):

ohh okay :) thank you both!! @mathstudent55 @ParthKohli :)

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