Monopoly Andrea Stamm A monopoly is a situation in which on conspiracy is in control and without competition for the trade 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 total lowering the bore standards. A unbowed monopoly would allow a company to do whatever they wish concerning the property 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 put forwarding computers than the market would be totally different. dell would be no inveterate forced to keep up with competition for innovating new technologies and maintai ning quality standards. Also in a true a monopoly Dell would pee-pee the power to control price. Computers are not in a totally elastic contain.
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 square-toed modification to better a product, and continue competition in the many markets of our economy. I believe that this is a good fond occasion for a healthy economy. Oligopolies foster competit ion and furthering technologies, plot of la! nd monopolies have no driving force to better themselves, as they have no competition.If you want to get a mount essay, straddle it on our website: OrderCustomPaper.com
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