The Postal Monopoly - United States Postal Service 1 The...

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United States Postal Service 1 The Postal Monopoly Joe White American InterContinental University
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United States Postal Service 2 On a daily basis the one government agency that touches every American is the United States Postal Service (USPS). Established in 1775 in Philadelphia the Continental Congress named Benjamin Franklin the first American Postmaster General. Per capita through rain, sleet, and snow USPS employees deliver more mail daily, then most countries deliver in a month. The mail system was extended geographical by postal officials as directed by congress, adding Post Offices and mail routes to embrace communities up and down the coast then westward. By the mid 1800 congress lowered lettered postage rates and introduced free home delivery. The USPS is a natural form monopoly. Natural monopoly is defined as, a situation where one firm can supply a market’s entire demand for a good or service at price lower than two or more firms can. A competitor would need to make enormous investments to duplicate USPS
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This note was uploaded on 04/07/2011 for the course ECON 101 taught by Professor Sei during the Spring '11 term at American Academy of Art.

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The Postal Monopoly - United States Postal Service 1 The...

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