Answer:
It give too much power for the private sector to exploit the consumers.
Explanation:
In a monopoly, the market for a certain type of goods and service is controlled by one dominant business organization. This organization does not have any competitor.
This created a huge opportunity for abuse of power.
For example, let's say that that controlling business decided to jack up the price of the product and lower the quality of its product. The consumers will have no way to retaliate or punish the business because it is the sole provider of the product. If that business dare to do that while having a business competitor, the consumers could easily abandon it and purchase the product from the competitors instead.
