Question

multiple - choice question
why do monopolies create a disadvantage for consumers?
monopolies allow for many businesses and cheap products for consumers.
monopolies only allow one or a few businesses to control an entire industry, so they are able to charge consumers higher prices.

Explanation:

In a monopoly, lack of competition enables the dominant firm(s) to set higher - than - competitive prices, which is a disadvantage for consumers.

Answer:

Monopolies only allow one or a few businesses to control an entire industry, so they are able to charge consumers higher prices.