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the outcome in a market with a monopoly is often a. is often not in the best interest of society.
A monopoly company has no opponents. it's miles the most effective firm in its industry. There aren't any near substitutes for the coolest or service a monopoly produces. now not most effective does a monopoly company have the marketplace to itself, but it additionally wants no longer fear approximately other firms getting into. The U.S. markets that operate as monopolies or close to monopolies in the U.S. include providers of water, natural gasoline, telecommunications, and strength.
An example of a monopoly is when one organization is the only provider of cellphone provider in the vicinity. An instance of monopoly is while you say a cat is the only pet that may be aloof. An instance of monopoly is the phone organization which is the best provider of smartphone service in an area.
The question is incomplete. Please read below to find the missing content.
Because monopoly firms do not have to compete with other firms, the outcome in a market with a monopoly
a. is often not in the best interest of society.
b. maximizes total economic well-being.
c. is efficient.
d. benefits consumers more so than the producer.
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