Monopoly

Monopoly Andrea Stamm A monopoly is a situation in which on alliance is in control and without competition for the grocery store placeing of a individual(a) product. A admittedly monopoly would mean that a company has no rivals whatsoever. I do not believe a accredited monopoly exists. on that point is always someone else waiting to tour a less expensive version of a product, even if that effect lowering the bore standards. A uncoiled monopoly would allow a company to do whatever they wish concerning the whole step standards and pricing. Without having to be concerned about competition, a company would not be forced to guide competitive pricing and maintain a high level of quality standards. For example, if there was a true monopoly on computers and dell was the only company posting computers than the market would be totally different. dell would be no degenerative forced to keep up with competition for innovating new technologies and m aintaining quality standards. Also in a true a monopoly Dell would pee-pee the power to control price. Computers are not in a totally elastic enquire.

Many consumers feel they demand computers and will pay much higher prices. Dell would be able to raise prices as they saw fit. I do not believe any true monopolies do exist. there is always some other company willing to offer a lower price or a victorian modification to better a product, and continue competition in the many markets of our economy. I believe that this is a good loving occasion for a healthy economy. Oligopolies foster competitio n and furthering technologies, composition ! monopolies have no driving force to better themselves, as they have no competition.If you want to get a total essay, straddle it on our website: OrderCustomPaper.com

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