Monopoly

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Monopoly, English, Economy, Englisch, Referat, Hausaufgabe, Monopoly
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Referat
English 2nd Homework 08 11 2003 MONOPOLY Historically, a monopoly was a legally protected special privilege, to provide a specified product or service. The protection was against the competition of others. Sometimes the government itself would provide the product or service. Other times a private person or company would provide it. In either event, the supplier was comforted by the government-issued guarantee, that no one else would be permitted provide that particular good or service. Over time, consumers came to question monopolies, because monopolists, knowing that there was no threat of competition, were customarily arrogant and, more often than not, provided a shoddy product. Monopolies do not always cause very high prices. Prices tend to be higher with a monopoly than without, but ...

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Anzahl Wörter:
605
Art:
Kurzzusammenfassung
Sprache:
Englisch
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