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Monopolization of Businesses and Challenges New Smaller Businesses Might Face.docx

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Monopolization of Businesses and Challenges New Smaller Businesses Might Face.Eric X. CruzECON101Alexandra Beard12/12/2021
IntroductionMy main focus on this paper is to shine a light on the monopolization of big corporations andhow they are running smaller businesses out of business. By ensuring the level of competition isdictated solely by the influence that company has in a sector. And by also keeping relationshipswith those who can keep those companies relevant. I will be providing important informationthat will support my research paper.Monopoly Power and The Decline of Small BusinessThe article that I chose is Monopoly Power and The Decline of Small Business, this articlehighlights anticompetitive behavior by dominant corporations. Who utilize their power tointimidate and take advantage of smaller business to ensure they remain the number one sourceof distributions for a location or a sector. This article is broken down in the following topicswhich are the decline of small businesses, how public policy came to favor a big business, thecase for committing to fair and open markets for small business.The Decline in small Business and How public came to favor big Business“Independent businesses have been disappearing across many sectors of the economy. Between1997 and 2012, the number of small construction firms declined by about 15,000, while thenumber of small manufacturers fell by more 70,000. Local retailers also saw their ranks diminishby about 108,000(Goodman, n.d.)”.A big portion of market concentration has spread to everypart of the economy. In an example of one company making most of every brand of candles inthe world, while in another may produce basically every kind of plastic silverware out there.

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