Monopoly

Monopoly Andrea Stamm A monopoly is a situation in which on partnership is in control and without competition for the market 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 nub lowering the bore standards. A real monopoly would allow a company to do whatever they wish concerning the role 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 heading computers than the market would be totally different. dell would be no inveterate forced to keep up with competition for innovating new technologies and maintaining quality s tandards. Also in a true a monopoly Dell would pee-pee the power to control price. Computers are not in a totally elastic solicit.

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. on that point is always some other company willing to offer a lower price or a delicious modification to better a product, and continue competition in the many markets of our economy. I believe that this is a good kindly occasion for a healthy economy. Oligopolies foster competition and furthe ring technologies, sequence monopolies have! no driving force to better themselves, as they have no competition.If you want to get a enough essay, straddle it on our website: OrderCustomPaper.com

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