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Why are monopolies bad for consumers ?

Some of the points explaining why monopolies are bad for consumers are as follows. So let us check it out information on monopoly and its effects. 

  1. Cosumers have no choice or limited choice during monopolies, monoply also controls the product as well as services which are not only supplied at highest prices but the quality is also affected sometimes during monopoly.
  2. Monopolies also lose any incentive to innovate, as the company already getting benefits, they may not innovate or introduced advanced version of products or services in the market.
  3. They can set any price of the product or services they want, as a result they may raise the cost to consumers and create inflation.
  4. They can also supply inferior products during monopoly.
  5. You might also like some advantages & disadvantages of monopoly to know more about monoly and its effects.

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How to find 20 percent of a number ?

Let us see how to find 20 percent of a number. Some information or method showing how to calculate 20 percent of a number are follows:

In order to calculate 20 percent of number you need to follow two simple steps.

Step 1: Divide number by 10 for example if number is 100 then you have to divide 100/10 so answer is 10

Step 2: Multiply answer with 2, so in this case we have answer 10 so 10x2= 20

So 20 percent of 100 is 20

Example 2: What is 20 percent of 22

Answer 22/10= 2.2 now you have to multiply 2.2 with 2 so 2.2x2=4.4