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In chapter 11 issues associated with monopoly power were discussed (anti-trust laws designed to prevent them are addressed later in the textbook) with the special
In chapter 11 issues associated with monopoly power were discussed (anti-trust laws designed to prevent them are addressed later in the textbook) with the special case of natural monopolies being identified as scenarios where it makes sense to only have a single producer (electric company for example). In your opinion, do you think firms should be allowed to become as big as they choose as long as they work within the confines of the law? Are there some industries that you are more/less open to allowing monopoly power? Why
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