Monopolies

Monopolies Monopolies are under constant critics from the public and other producers of being polutive, straining to competition and they are accused of worsening resource allocation. Whether this is true or not, depends on the specific company, but certain characteristics are possible to define. It is these I will describe in the following, and hence conclude if monopolies worsen or improve resource allocation. It is important to distinguish between competition and monopoly before describing advantages …

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