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

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