What are some advantages of having a monopoly on a certain product or service? what are some of the dangers? will mark

For a company, having a monopoly comes with many advantages because they are the only ones who sell the product or service.  This means that everyone who requires that service or product has to buy it from them, so they will have high profits and no competition.

Explanation:

Additional advantages are that, since they are the only one who provides a good or service, they can sell it at whatever price they want.

However, there are potential dangers to having a monopoly, especially for consumers.  Since the company is the only one who sells the product, the quality of the good or service can often be poor.  Consumers will also be forced to pay high prices because there is no competition and, therefore, no other option to choose from.

in his book, the riddle of the rosetta stone, james giblin talks about how there was a young british polymath and physician named thomas young who made a lot of advances on the deciphering of the rosetta stone. he says that even though young made a lot of mistakes because he was working under false assumptions, he also made huge contributions like deciphering three out of the seven symbols (more than anyone else before him). young published his findings and continued his good work but he wasn't able to progress much further due to some unfavorable situations, he still laid the basis for many other scholars and of course for the man who has been generally known to have deciphered it, jean-françois champollion

i think it was   tsar alexander ii