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Sources of Monopoly - by other fellow producers Yet...

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Sources of Monopoly: Traditionally monopoly is considered as an evil form of market. It stands in the way of economic justice. Restrictive practices of the monopolist cause prices to be higher and supply of goods to be smaller than what would normally be available. Monopoly is decried and disliked by buyers or consumers, by government agencies and
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Unformatted text preview: by other fellow producers. Yet monopoly always exists in some form or the other. It has simply to be tolerated. Monopoly is unavoidable under certain circumstances. These circumstances are called sources of monopoly ....
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