ECO 100 -- Week3 Assignment

ECO 100 -- Week3 Assignment - Monopolies 1 Is There Any...

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Monopolies 1 Is There Any Pure Monopolies Ashley Dyal ECO 100 Ms. Turner January 20, 2010
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Monopolies 2 When it comes to the statement or question discussed in the textbook of whether or not that a pure monopoly exists I would say that I agree with the text. This meaning that there is no such thing as a pure monopoly since “no firm is completely sheltered from rivals for all firms compete for the consumer’s dollar within the same industry (Brue & McConnell, 2010). I always like to keep in mind that there is a variety of businesses in a industry for a reason, and competition is competition no matter how big or how small of a threat it may appear to be. Some of the reason why I think that there is no true monopolies in today’s time is because we still manage to keep some of the smaller businesses in business because we buy their products on a regular basis. We desire the products they offer which keeps them going. It seems to be that many people of today’s time are actually going more towards
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ECO 100 -- Week3 Assignment - Monopolies 1 Is There Any...

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