Can someone PLEASE helpp me with this economics essay question?

Ash R · #1 (**permalink**) 04-21-2008, 09:17 AM

What are the negative effects of a monopoly on the consumer? What are the positive effects? Be certain to discuss prices, quality of product or service, and accessibility

the freakin' analyst · #2 (**permalink**) 04-21-2008, 09:20 AM

Monopoly has negative effects on the consumer since they don't get the freedom of choice anymore and don't have any alternatives to choose from if prices increase or they don't like the quality.
positive effects? can't think of anything but that it saves them time to go around looking for and comparing different suppliers..

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