are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position in thegoogle anitrust case.
Solution
Oligopolies are the middle ground between Monopolies. With a monopoly, a single company controls the market. With an oligopoly, only a few control the market, but this allows prices companies involved. In the monopoly the one company offering services can set the price at whatever they desire.
An example of an Oligopoly are telephone carriers. There are only a few carriers available to choose from Vodafone, Airtel, Uninor, ATT, etc. The barriers to entry are tough to penetrate.
An example of a monopoly is the power company. There
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are monopolies and oligopolies (firms demonstrating power) always bad.docx
1. are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to
provide real world examples of where this may be the case to strengthen your position in
thegoogle anitrust case.
Solution
Oligopolies are the middle ground between Monopolies. With a monopoly, a single company
controls the market. With an oligopoly, only a few control the market, but this allows prices
companies involved. In the monopoly the one company offering services can set the price at
whatever they desire.
An example of an Oligopoly are telephone carriers. There are only a few carriers available to
choose from Vodafone, Airtel, Uninor, ATT, etc. The barriers to entry are tough to penetrate.
An example of a monopoly is the power company. There
