The positive impacts of monopoly in South Africa are related to the advantages of companies, which charge higher prices and generate economies of scale.
The disadvantages are related to the consumer, who pays higher prices since in a monopolistic market there are no more alternatives to obtain a good or service.
It is a market situation where there are no competitors, with a company being the only one to sell a product or service, being the holder of the price and market power.
Therefore, a monopoly situation can be harmful to a country, leading to barriers to entry by competitors, reduced purchasing power of individuals and price exploration.
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