Should government create conditions of pure competition for all business? In your answer consider water companies, restaurants, and airlines.© BrainMass Inc. brainmass.com July 19, 2018, 9:06 pm ad1c9bdddf
For certain industries pure competiton is not rational. This is often true when the industry requires a large upfront investment, so the additional cost to serve an addition customer is neglible in comparison. Thus a company already established will be able to give customers a much better price than one that is trying to recoop the loss of the intitial investment. Water companies are a good example of this.
Furthermore "economy of scale" ...
Considerations related to governmental regulation of the marketplace