In the study of economics
2006-07-03 00:45:09 · 4 answers · asked by kandie 1 in Education & Reference ➔ Homework Help
Because a monopoly is one company contolling an entire industry. If you don't have any competition, you dont have to make great products, since youre the only people making them. And even though they are worse products, if theres a big need for that product then they can boost the price all they want.
2006-07-03 00:48:06 · answer #1 · answered by Southpaw 7 · 1⤊ 0⤋
The chocolates' industry appears to be an oligopoly since there are only a handful of companies that is known. It is better to categorize Hersheys and the industry as a monopolistic competition wherein there's a relatively big company amidst many smaller companies.
2016-03-27 02:14:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Because they can - that's the beauty of a monopoly (if you are the one with the monopoly).
2006-07-03 00:51:20 · answer #3 · answered by Curious1usa 7 · 0⤊ 0⤋
Because it's a game
2006-07-03 00:49:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋