Two ways that the free enterprise system works to break down the three powers of monopolies noted (higher prices, Barriers to entry, reduced competition)

Question

Jonathan Kelley

History

6 May, 07:26

Two ways that the free enterprise system works to break down the three powers of monopolies noted (higher prices, Barriers to entry, reduced competition)

+5

Answers (1)

Know the Answer?

Isabella Reed · Answer 1

The two ways are: the free enterprise system can yield negative effects when they lessen competition and look after incompetent competitors. Additionally, outcomes are infuriating when over head costs of legal intervention are bigger than the benefits for the consumers.