What are the negative effects of monopoly

1. Poor level of service

2. No consumer sovereignty.

3. Lack of competition may lead to low quality and out dated goods and services

4. Charged high prices for low quality of goods

states

explanation:

as the old saying goes, all politics are local. state and federal governments affect our daily lives in numerous ways. yet, in our federal system, there is supposed to be a balance between federal and state power. as james madison envisioned it in federalist no. 51, “the power surrendered by the people” would be “divided between two distinct governments,” creating a balance of power that would enable the “different governments [to] control each other.”