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Monopoly - Report Example

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This work called "Monopoly" focuses on the principles of monopoly in the market. The author outlines monopolistic companies, their progress, development, the monopolistic influence, and advantage, weakness. From this work, it is clear that the process of monopoly is a natural tendency in any industry or market…
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Monopoly
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Extract of sample "Monopoly"

Download file to see previous pages Another is the absence of any other company with products or services that can be compared to that offered by the monopolist. And lastly, there are factors that can contribute to the action of monopoly such as the barriers to the entry of other products or companies (Klein; Sowell 80-87).
Another important characteristic of the monopolistic company is the capability to control the price of the product in the market. This can be one of the main reasons that anti-monopoly policies are being implemented to be able to protect consumers with regards to the uncontrollable increase in the prices of products and services. There are different products and utilities that can be classified in a monopolistic market which include gas or fuel, electricity, water, cable TV and telephone service companies.
To be able to achieve an understanding of the principles of monopoly in the market, the study of the different companies in the global market is undertaken. These companies are involved in the service and manufacture of the products classified under a monopolistic market.
In the UK, one of the current issues though there is deregulation with regards to monopolization is the perceived control of the National Express over the train routes as a result of the recent take over of the Greater Anglia trains franchise in September 2008 (This is London Website). The said example can be attributed to the result of the competition that favored a particular company to excel. Basically, the competition that initially occurred can be stopped due to different factors such as failure of competitors or achievement of the better market share of leading companies resulting in greater advantage and can ultimately arise to monopolization.
Another influential company in the British market is British Telecom which is involved in a wide variety of telecommunication services initially in the UK and then expanded to the global market. The said company had been recognized to be the oldest in the telecommunication industry for that matter, it can be considered in constant advantage when it comes to delivering services in relation to telecommunication products and services (British Telecom Website; Porritt 119). ...Download file to see next pages Read More
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