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Why is monopoly bad and how does competition improve the market? | Oneindia News
Video Credit: Oneindia
Published on July 21, 2021 - Duration: 02:32s
Why is monopoly bad and how does competition improve the market? | Oneindia News
Where there is a monopoly, competition is absent.
Where a firm dominates a market, competition is curtailed.
For consumers, that can mean rising prices and inferior quality.
Competition authorities seek to maintain or restore competition to markets.
#OIDW #Monopoly #EconomicExplained
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