Why do many governments in countries with market economies control or outlaw monopolies?
Monopolies are always run by selfish people who defraud consumers.
Monopolies often become more powerful than governments.
Monopolies can make excessive profits by overcharging consumers.
Monopolies are too competitive and sell their goods and services for extremely low prices.

Question

Why do many governments in countries with market economies control or outlaw monopolies?
Monopolies are always run by selfish people who defraud consumers.
Monopolies often become more powerful than governments.
Monopolies can make excessive profits by overcharging consumers.
Monopolies are too competitive and sell their goods and services for extremely low prices.

eclipsedstar · Answer

This has something to do with profits.

anonymous · Answer

Monopolies can make excessive profits by overcharging consumers.??

eclipsedstar · Answer

That is correct. :)