Public Policy Toward Monopoly - Essay Example

Download file to see previous pages... Monopolies do not always have their way in operating within the public and/or private domain. Governments often intervene and control monopoly pricing in order to minimize consumer exploitation. The subject of monopoly is essentially related to economics. The government is a vital pillar of economics within and across a country. Government intervention in monopoly operations is relative to economic issues or concerns that the government seeks to address. On the same note, a monopoly influences aggregate production and consumption in the private and public domain (Stigler, 2008). Most importantly, monopoly operations affect societal welfare in one way or another. These aspects directly link the topic of monopoly to economics, especially through public ...Download file to see next pagesRead More