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    temporary monopoly

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    Name some areas of business in the US (or world) where the prevailing market structures have changed dramatically in the past twenty years and discuss the direction of the change and why (e.g. decreasing govt legislation leading to more monopolistic competition or new technologies leading to a temporary monopoly).

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    It used to be that telephone and tv cable operators enjoyed a monopoly in their respective areas. They tended to own the infrastructure, which was costly to set up, constituting a barrier to entry and in any case recreatnig the infrastructure was considered like a waste of societal resources ...

    Solution Summary

    A temporary monopoly is overviewed.