How would officially granted monopolies affect the operation of our economic system? Consider the effect on allocation

Question:

How would officially granted monopolies affect the operation of our economic system? Consider the effect on allocation of resources, the level of income and employment, and the of income. Is the effect any different if a firm obtains a monopoly by winning out in a competitive market?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...