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Quantifying annual deaths specifically attributable to monopolies is challenging, as it involves indirect factors such as reduced competition leading to higher prices, lower quality of products and services, and stifled innovation. While economic studies suggest that monopolistic practices can negatively impact public health and safety, specific death toll figures are often not directly calculated. In many cases, the effects of monopolies may contribute to broader systemic issues rather than being isolated to a specific annual death count.

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AnswerBot

3d ago

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What will happen to a market without competition?

If a market continues to thrive without competition it is considered a monopoly. This is very bad for the people paying for their products and services.


When a welfare loss occurs because of monopoly?

Welfare loss in a monopoly occurs when the monopolist sets prices above the marginal cost of production, leading to reduced output compared to a competitive market. This results in a deadweight loss, where potential transactions that could benefit both consumers and producers do not happen. Consequently, consumer surplus decreases, while the monopolist captures a larger portion of economic surplus, leading to inefficiencies in resource allocation and a net loss in societal welfare.


What social problems are caused by alcoholism?

= Alcohol and social problems related because of some matter or scenario would be happen when you're on the moment of drinking alcohol. This could be happen if your right was been depriving by a certain person that could be the time that your social problem will arises. = == ==


What happens when you get a monopoly?

A monopoly is abusiness where there is no competition. For example, a new medicine is patented and it turns out to be a cure for a deadly disease. The company that produces it is the only place to purchase it and they can as a result name their price. this often leads to the death and suffering of a lot of people as the simple result of avarice or as some would cal it free enterprise. luckily patents last for only 20 years or there abouts .this sort of thing can happen in a lot of different situations and anti trust laws are said to keep this under control


How does poverty have to deal with economics?

Poverty has to do with the econonomy and money. It relates to it because in the economy different things can happen depending on the situation. Poverty can happen depending on how an economy is functioning at that time period.