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Week 3 Discussion 3 - This is where the government steps in...

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I personally think that a monopoly give that particular company too much power to control things such as price. Just because natural monopolies are basically necessary, it does not make them preferable when it comes to the possibility they may have to take advantage and abuse that position. So the question arises, how we ensure that these monopolistic companies do not abuse their position and power in that market.
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Unformatted text preview: This is where the government steps in and creates regulations on pricing and other factors so the customers do not suffer from the necessary natural monopolies that exist in our markets such as electric and cable companies. I know many people do not like our government to have too much control. However, sometimes it’s nice to have someone looking out for the greater good of the consumer....
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