The general view of economists is that a pure monopoly will not be technologically progressive, is a true statement.
Complete control over all supplies of goods or services that are offered in a specific market. Someone or something they have complete control over. He thinks he is the only source of truth and has complete control or ownership over everything.
When a business has a monopoly, its product is sold only and there are no close alternatives. Unchecked monopolies have the capacity to determine prices and control the market.
Thus, it is a true statement.
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