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Monopolies In A Capitalist Eco
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In a capitalist economy there are both wanted and unwanted monopolies. However, in a capitalist economy certain monopolies are needed. Monopolies have a big impact on the economy and the consumers because of the amount of control that the monopolies have on the economy. There are certain times w ....
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....ke solar power.
The impact of monopolies is felt very heavily on the consumer. The biggest effect of a monopoly in a market is that it drives up the prices of the product in that market (South West, pg. 179). This happens because there is no competition and no other producer to drive prices down. The government has often tried to break up monopolies when they are presented because it will put a negative impact on the economy. There has even been legislation passed against monopolies. An exa.... |
| Number of words: 872 |
Approximate pages: 4 |
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