Asked Nov 9, 2019

Is it feasible to prohibit monopolies in all markets? Does advertising help or hurt consumers?

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No, it is not feasible to prohibit monopolies in all markets.

In economics, the term monopoly refers to the form of market where there is only one seller of a particular service or good in the market. Furthermore, that sole seller will have control over the market supply and price of that particular service or good.

In real word, some monopolies are good for the economy, and some are bad. For example, the monopoly that helps both the consumer and the government can be an es...

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