Monopolies in South Africa can fail due to lack of competition, but measures like promoting competition and privatization could lead to improvements in efficiency and innovation.
Monopolies in South Africa: Monopolies in South Africa can fail in the long run due to lack of competition leading to inefficiency and reduced innovation. Government measures like the Competition Commission promote competition over monopolies to drive efficiency and consumer benefit. Eskom and Inefficiency: Monopolies like Eskom can improve production efficiency through measures like restructuring and streamlining operations. Privatization: Privatization of SOEs could bring increased efficiency, innovation, and competition, potentially offering a better solution when done strategically.
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