Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns and evils that arise from this market structure?© BrainMass Inc. brainmass.com June 22, 2018, 7:35 am ad1c9bdddf
Because monopolists do not have competitors they can maximize their private gains at the expense of that of consumers. In perfect competition the equilibrium price is where p=mc with zero economic profits. In the case ...
The governmental regulation of monopolies and potential monopolies is briefly debated.