Some government grants of monopoly power aredesirable if theya. curtail the adverse effects of cut-throatcompetition.b. make industries more profitable.c. provide incentives for invention and artisticcreation.d. save consumers from having to choose amongalternative suppliers.

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Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.