Monopolies, for the most part, are illegal because it reduces the total economic welfare. Economic welfare is reduced due to reduced competition...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Why are monopolies, for the most part, illegal? What makes non-ACFTU labor unions and organizing efforts illegal in China? Why might a government-sponsored firm such as the USPS be more willing than a non-government-sponsored firm to agree to a non-layof...
Google has been found to hold illegal monopolies in online search and some ad technology by two different federal judges in recent months. A three-week hearing is currently underway to determine how to restore competition to the online search market, which could see the forced sale of Google’...
Also, without regulation of corporations you get the undermining of democracy, oligopolies or monopolies in entire industries. This is also inevitable. I don’t want free markets, except, possibly in new, immature and developing markets where there are a lot of small players and there is a ...
While combining these two monopolies would violate antitrust rules under normal circumstances, such mergers are legal when one firm is about to go out of business. Together under one umbrella, Dean Foods and DFA would form a monopoly that threatens the livelihood of farmers to a greater degree ...
Anarchists define "private property" (or just "property," for short) as state-protected monopolies of certain objects or privileges which are used to control and exploit others. "Possession," on the other hand, is ownership of things that are not used to exploit others (e.g. a car, a ...
If you look at the Worst Companies in America 2009 list at Consumerist, you will see many companies on the list are near monopolies in their market segment. By popular votes, the four Worst Companies in America 2009 were: AIG Comcast Bank of America Ticketmaster AT&T, formerly Cingular, got...
Governments, and indeed all large monopolies, have a tendency to be indifferent to the needs of their customers. In other companies that compete in the market, pampering the employees means better customer service means keeping you customers. Ernie: Interesting distinction between “A customer is...
All the major AI players are engaged in this race. Within society, the effects will be mas- sive, and beneficial. We will no longer have to hand over our data to digital monopolies in order to gain access to goods and services because our augment- ed intelligence, which knows our ...
Is Predatory Pricing Illegal? Yes, it is. It violates antitrust laws in the U.S. and other countries that are intended to ensure fair competition. However, it's difficult to prove. Prosecutors have to show that a company accused of predatory pricing intended not just to compete but to eli...