Explore BrainMass

Explore BrainMass

    Society does not need laws outlawing monopolization and monopoly

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    "Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own self-destruction, since its high profit is the lure for other firms or entrepreneurs to develop substitute products."

    © BrainMass Inc. brainmass.com June 3, 2020, 8:51 pm ad1c9bdddf
    https://brainmass.com/business/business-law/society-need-laws-outlawing-monopolization-monopoly-155820

    Solution Preview

    This statement is quite true if the monopoly is not careful about its competitors. The longer the monopoly stays in power, and the longer it creates artificial barriers to entry in ...

    Solution Summary

    "Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own self-destruction, since its high profit is the lure for other firms or entrepreneurs to develop substitute products."

    $2.19

    ADVERTISEMENT