Prices are increased, there's less choice, the prices may be low but then increase
2 of 5
Give 6 benefits of a monopoly
Economies of scale, less risky shares, saves time shopping around, stability, removes unnecessary duplication of services, draws people to other businesses around the monopolist
3 of 5
Give an example of a monopoly (a business)
Tesco
4 of 5
Name a market which only has one or two businesses
Water companies, Trains
5 of 5
Other cards in this set
Card 2
Front
What is the impact of this on customers? (3)
Back
Prices are increased, there's less choice, the prices may be low but then increase
Card 3
Front
Give 6 benefits of a monopoly
Back
Card 4
Front
Give an example of a monopoly (a business)
Back
Card 5
Front
Name a market which only has one or two businesses
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