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Disadvantages of operating a monopolistic business.
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[QUOTE="CALVINDOL, post: 262201, member: 43757"] The commercial activity of Monopoly is considered to be a situation where an individual is the only seller , distributor , and marketer of a particular product or services . While this could be a good way of only channeling income and profit of a particular business goods products and services it also could be a big problem . There is no doubt that when a business owner choose to be monopolized in a particular business sector and type of business services he or she only enjoys the profit and the income that comes in patronizing and selling the goods and services to members of the public and in as much as he enjoys the profit he also bears the losses . Monopoly has a whole lot of advantage but still there are some downside and disadvantage to being a monopolist business owner in the sense that no business organisation is guaranteed to be in existence forever especially if the business organisation can easily be threatened by members of the public and even by the government possibly for the sponsoring of capital projects and societal infrastructure . In situation like this it is advised that Monopoly could be a bad idea and it is absolutely advisable and such a situation that a business owner do not practice Monopoly in urban areas of business production but if it was in a rural area he could be allowed and advisable . they are a whole lot of things that could make a business go out of existence for example natural disasters and even death . [/QUOTE]
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Disadvantages of operating a monopolistic business.
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