8 How does a corporate How does a corporate
monopoly impact the economy?
OA.' A monopoly decreases the amount of competition.
OB. A monopoly helps create new markets.
OC. A monopoly increases the amount of production.
OD. A monopoly helps reduce unemployment.

A monopoly decreases the amount of competition.

Explanation:

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.

number 1 is a)