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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

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 ....
View Full Document

This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.

Ask a homework question - tutors are online