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What are the advantages for the consumer of a monopolistic trust?
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What are the advantages and disadvantages of monopolistic trusts such as the Standard Oil Trust for consumers?
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Advantages of a monopolistic market?
AUTHOR: JAMES CHINEMELU NWAZUOKE B. PHARM, UNIV. OF BENIN, NIGERIA MBA, RMIT, MELBOURNE One of the main advantages of Monopoly is in Monopolistic Profits. The surplus profit generated from a Monopoly can be plowed back into the firm to be used in R &D (Research and Development). This poses a major "societial gain" as the extra investment on R&D could lead to innovation for the good of all