Perfect Competition V. Monopolies Essay

In the American Economy, organization is regulated by the government as well as the consumer. If a person is the owner of a business that is alone in the product that it provides for the consumer, it is said to become monopoly. Like a monopoly you could have sole control of price. Monopolies are governed by the federal government in order to avoid the misuse of power that a monopoly has.

If a person can only receive turkey, by way of example from one store. Then the retail store can charge much more for that chicken than it might if the shop next door was selling that too mainly because then there is competition. Likewise, the store may not have to produce a better quality of turkey simply because there would be simply no reason for that to do so. From this situation the buyer is considered unfair benefit of by the entrepreneur, in this case the store. Government regulates monopolies to market a perfect competition economy and also to get rid of the " turkey situation" discussed above. The benefits of an ideal competition economic climate benefit buyers. For example , if we go back to their grocer, in a ideal competition economy all of the retailers have chicken. Now the stores want to make sure that the poultry that they sell off is the best turkey and expense the least. From this situation they may be competing intended for the card holder's business. Nevertheless , business owners of a monopoly condition disagree with the government. Once there is a business that has the to become a monopoly the government designer watches it very closely and the organization has to feel the government intended for mergers and so on. The more the business enterprise becomes a monopoly, the more the us government says no to the organisation’s requests. For instance , there is Ms. The government has been in business to keep Microsoft company from becoming the big organization that it is today. So , in conclusion, a perfect competition economy makes benefits for the consumer. Likewise, a monopolistic economy makes benefits for the business owner. On the flip side, an ideal competition displays drawbacks for...



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