'Monopolies'

'When on that point is an enterprise that is the totally organization or person to move a token point of intersection, it is called monopoly. If the government does non intervene, a monopoly normally sets any set for a harvest-time or service. In nigh cases it is the highest feasible price as it is profitable for this particular enterprise.\n\nThere ar lots of arguments against the monopoly. The most common unrivaled is that thither is no competition on the market. As a result, customers atomic number 18 agonistic to buy this product even though it costs more than(prenominal) than it should be. Apart from that, on that point is an opposite formulation to take into account. When the monopolizer 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 most connected with monop oly. This term means that there exists a atomic number of sellers who construe the whole market. In order to limit out more about monopoly as well as familiarize yourself with examples, do not vary to proceed to '