Do you agree that monopolies weaken a market economy? Explain your answer.

My answer would be a monopoly's potential to raise prices indefinitely is its most critical detriment to consumers. Because it has no industry competition, a monopoly's price is the market price and demand is market demand. As the sole supplier, a monopoly can also refuse to serve customers.

I think they are bad for the economy because Monoplies restrict free trade and prevent the market from setting prices.they are lone providers so they can set any price they choose.

Explanation:

the answer is a. since they were a huge producer of cotton and wanted the most money for it.