Why are monopolies bad for consumers and society


Problem

Explain these questions

Why are monopolies bad for consumers and society?

Can you give an example of a company that price discriminates by charging different customers different prices for the same product? Describe how this makes the market more "efficient."

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why are monopolies bad for consumers and society
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