2007-04-14 09:09:52 · 12 answers · asked by Jay baby 1 in Politics & Government ➔ Politics
Of course. When there is no competition, there is no incentive to keep prices down, and greed gets even more out of control than it usually is! *sm*
2007-04-14 09:14:48 · answer #1 · answered by LadyZania 7 · 1⤊ 0⤋
Always is a tough proposition. Theoretically, they will, which is why we have laws against monopolistic practices. However, not business can ever really have an absolute monopoly. If, for example, you are the only auto manufacturer, you are still in competition with the bicycle.
Actually, the most prominent monopolies happen when governmental regimes control industry. The result is usually rampant inflation when this occurs.
2007-04-14 09:17:18 · answer #2 · answered by kevin s 4 · 2⤊ 0⤋
No. But the problem is that a monopolist is ABLE to charge the highest possible price if he/she wishes to.
The paradox of our present free market is that, although it's supposed to maximise competition, competition - unless it is adequately regulated by government - actually causes its very opposite: i.e. monopoly. That's why we see increasing corporate consolidation and more and more markets dominated by ever-fewer players. Because in a global market, no government is in control.
The solution? Some say http://www.simpol.org offers a pretty good one.
2007-04-18 04:46:46 · answer #3 · answered by efssimpol 2 · 0⤊ 0⤋
If you are referring to a company yes. I'll use Comast as an example because I friggin hate them. Comcast is the only cable provider in the town I live in. Where I live I am not permitted to put a satellite dish up, so that is not an option. I currently pay $150 dollars a month for cable television compared to the $90 I payed with Directv.If there was another cable company Comcast would be forced to lower prices, instead they just keep going up.
2007-04-14 09:16:33 · answer #4 · answered by Perplexed 7 · 1⤊ 0⤋
Impossible. If a monopolist did that, anyone could compete. You are, of course, assuming the monopoly has become complete.
Can you provide an example of such a monopoly?
Steph, sue Comcast. Sue your town for its non-satellite law. There are remedies available, without looking to governmental control.
2007-04-14 09:30:37 · answer #5 · answered by ? 7 · 0⤊ 0⤋
usually. studies have shown it. areas where one vender dominates sales, prices are significantly higher. The internet and mail order have really broken this problem in retail, but in other areas like software, CPU, utilities, it is definitely an potential situation
2007-04-14 09:21:17 · answer #6 · answered by d c 3 · 0⤊ 0⤋
Thirty years ago, the government ruled that at&t was a monopoly, overcharging their customers, and that more competition would help consumers. When they were busted up, telephone fees skyrocketed. No, they don't all overcharge.
2007-04-14 11:48:45 · answer #7 · answered by John B 4 · 0⤊ 0⤋
Nora, why do you think MSoft wanted Netscape out of business, dear?
Who benefits from a monopoly?
2007-04-14 09:18:55 · answer #8 · answered by sarcasm_generator 2 · 0⤊ 0⤋
No. When Ford 'owned' the assembly line, he lowered the price of cars so that his workers could afford them.
When Microsoft wanted to put Netscape out of business, they gave away the browser free.
Study a little harder, dear!
2007-04-14 09:16:34 · answer #9 · answered by nora22000 7 · 0⤊ 4⤋
Ummmm yeah. That's the idea.
2007-04-14 09:18:38 · answer #10 · answered by ladykofnyc 3 · 0⤊ 0⤋