What are the negative effects of a monopoly on the consumer?

Question

Help!
What are the positive effects?

Answer 1

Negative....High prices from no competition

Positive......I fail to see any.

Answer 2

The only positive effects of Monopoly occur in industries where economies of scale dicatate a small market with power concentrated within the top few firms. In such industries monopoly allows for easier govornment regulation and thus can actually protect the consumer, as opposed to an Oligopoly where two or three firms can covertly collude. Also its possible a these kinds of monopolies conserve resources (with one firm responsible for the entire industry output production can be tailored to exactly match demand). Because of govornment regulation resource savings will usually be passed along to the consumer.

Without government regulation, a monopoly will never benefit the consumer even if Economies of Scale prohibit long-term competition.

Answer 3

The consumer ends up being forced to buy poor quality products at high prices.. for example Microsoft Windows and Office.

The positive effects are that the managers of monopoly enterprises get rich.

Answer 4

That would be predicated upon the integrity of the owner[s].Usually it means price fluctuations at the whim of the monopolizer,instead of supply- and- demand setting costs.Can't think of any positive effects,other than convenience for both parties.A monopoly on utilities means one doesn't have to pipe or wire in diverse lines to every home.Deregulation forced the sharing of those lines so other companies could compete with monopolies.

Answer 5

The consumer has to pay a higher price for the product than the pricr that would have prebailed under perfect competition. The consumer has only the choice to buy or not to buy the product but there is no choice of different makes or binds, Of course, if the monoploist is a govt. department or govt. owned company, the consumers can together agitate abd get the price reduced and the burden of loss due to lowers price passes on to the govt. as the owner that pass it on to te general tax-paers.

Answer 6

Negative effects: no selection, no competition, and prices can be set to whatever profit margin the company wants, rendering the consumer powerless.

There aren't any positive effects for the consumer which is why there are anti-monopoloy policies.

Answer 7

Look at the public school system.That is a monopoly.You cant have a monopoly for long without government help.

Answer 8

Negative effects would be:

Potential for increased prices
Less options to choose from

Positive effects would be:

Potential for better service
Potential for better product
Standardization of product lines and compatibility

Answer 9

negative: imposition of tariffs; as experienced in the past, low quality services and goods; dearth of innovations; complacency.

Positives: because they are usually large, low and affordable prices; people friendly products and services; non discriminatory as to where to open shop as areas with high returns compensate for low returns area.

cant rem. much now. hp i'v helpd?

Answer 10

this is totally valuable in case you're bill Gates considering you are able to tension somewhat everyone to apply your crappy working equipment that's so overly complicated and ability eating which you have the urge to pull your hair out. this is not so valuable in case you are the single pulling your hair out.

Answer 11

..


The positive part: You can afford to keep
your SUV, the child daycare, and Rover's
little Igloo outside.

The negative part: Somebody with a
smashed up 2-year-old car will back
into you at the parking lot at Wal-Mart.




>.>.>.>.