About the Download

Consumers of a monopoly product pay a higher price than they would have under a competitive market; therefore the transfer of income from the consumers to the owners of the monopoly. In general, owners of businesses, including stockholders, tend to be wealthier than the buyers of a monopoly product, so this causes a transfer of income from poorer people to wealthier people, creating a greater inequity than would otherwise be the case. Do monopolies seek to improve their products?
 

Save For Later

has been added to your cart!

have been added to your cart!

You must log in and be a buyer of this download to submit a review.