What is the danger of excessive monopoly power?
A. The organization will charge high prices
B. The organization will not attempt to cut costs
C. The organization will change strategy to seek to fully exploit its power
D. The organization will stifle innovation
Answer: Option C
Solution (By Examveda Team)
The organization will change strategy to seek to fully exploit its power is the danger of excessive monopoly power. A pure monopoly is a single supplier in a market with no competitors, whereas monopoly power exists when a single firm dominates a particular market.This Question Belongs to Management >> Strategic Management
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