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Monopoly and Perfect Competition - Essay Example

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Cell Phones companies have started expanding at a very rapid pace and one can see cell phone towers almost everywhere, this has had positive effects as well as negative effects. In some areas there is no monopoly which means one is free to choose the best service provider out of…
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Monopoly and Perfect Competition
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Monopoly and Perfect Competition

Download file to see previous pages... There are many better services but those services remain unavailable and there is no news as to when these services will be made available in my area, the current service provider knows how to exploit customers, the current service provider charges a really high rate for sending text messages whereas the same service is offered free of charge by other players but they remain unavailable and this is what monopoly means and players who know that they have monopoly tend to exploit their clients because they are well aware of the fact that the clients have nowhere to go and they will have to stick with the existing service, certain services have become part and parcel of our lives, cell phones for instance have become an integral part of our lives and the same weakness of ours is being ...Download file to see next pagesRead More
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