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Advantages of monopoly roles in an economy of country

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Reference no: EM132421779

Problem: A monopoly is an industry where there is a single seller. In the past decades, critics of monopoly were focused on the disadvantages of monopoly roles rather than on the advantages of monopoly roles in an economy of country.

Discuss five advantages whereby the monopoly roles can contribute accordingly to the economic development and growth of a nation in the longer run.

Reference no: EM132421779

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