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Very interesting to learn about monopolies. I had a wrong idea, I thought that these firms always made profits and never made losses. I also
Very interesting to learn about monopolies. I had a wrong idea, I thought that these firms always made profits and never made losses. I also liked learning about the intervention of governments and how they try to regulate prices, to keep them low for consumers, especially when it comes to natural resources, and prevent monopolies from abusing their power and charging high prices to customers. I have reflected that in our lives we also need regulations, (commandments) so that we do not abuse our agency. We also need a regulator and it is Jesus Christ our Lord. He is fair, He does not force us to do good, but when we freely and joyfully decide to follow His rules and regulations He prevents us from losses and we can operate efficiently
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