Perfect Competition V. Monopolies

Perfect Competition V. Monopolies In the American Economy, chore is controlled by the g everywherenment and the consumer. When a individual is the owner of a business that is alone in its product that it provides for the consumer, it is said to be a monopoly. As a monopoly you keep back sole control over price. Monopolies are regulated by the government in guild to prevent the misuse of power that a monopoly has. If a person can only get turkey, for example from one store. consequently the store can charge a lot much for that turkey than it could if the store next door was selling it as well because then in that location would be contender.

Also, the store would not have to produce a better quality of turkey because there would be no reason for it to do so. In this station the consumer is taken unfair advantage of by the business owner, in this case the store. Government regulates monopolies to promote a perfect competition economy and to get rid of the turkey situation discussed above. The bene...If you extremity to get a full essay, order it on our website: Ordercustompaper.com

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