Advantages and Disadvantages of a Monopoly
, Term Paper
...advantages including stability in recession times, lack of wasteful duplication of activities like research and development, and high revenue for investment in R & D. Other advantages of a monopoly are better capital utilization, international market competitiveness, and efficient and dynamic product delivery. However, a monopoly has some disadvantages including charging high product prices for low quality, lack of consumer sovereignty, inefficiency in production, and low employee remuneration. Other disadvantages of a monopoly include loss of economic welfare, poor service, and price discrimination, restriction of supply, unfair income distribution, and restriction of production potential... Advantages...