'Monopolies'

'When on that point is an enterprise that is the save organization or person to carry a fussy proceeds, it is called monopoly. If the government does not intervene, a monopoly commonly sets any scathe for a reaping or service. In nigh cases it is the highest come-at-able price as it is profitable for this picky enterprise.\n\nThere be lots of arguments against the monopoly. The most common mavin is that thither is no competition on the market. As a result, customers are force to buy this product even though it costs to a greater extent than it should be. Apart from that, there is an early(a) looking to take into account. When the monopolist raises prices for their product, customers buy less(prenominal) of it. Thus, fewer products are produced. What it presupposes is that the society is worsened off. In other words, monopoly reduces the income of the society. The notion of oligopoly is nigh connected with monopoly. This verge means that there exists a handsome n umber of sellers who rule the whole market. In order to pose out more about monopoly as well as familiarize yourself with examples, do not fluctuate to proceed to '