Eventually, consumers may be given more choices again. However, if the company's monopoly has grown past a certain point, it may no longer be feasible for new companies to emerge, creating a permanent monopoly in that market. The Challenges of Predatory Pricing ...
Why do monopolies/oligopolies limit the market supply when they could just raise prices? Why is it hard for Cournot oligopolies to jointly conform to the monopoly price and quantity outcome? What are the three reasons that a market might have a monopoly? Give two examples of monopolies and exp...
back in 1929, was associated with the emergence of oligopolies of large and networked corporations and mega-banks; the second, of 1971, was related to the weakening of the Bretton Woods currency system. Every crisis benefited someone. For example, the...
Antitrust laws are meant to ensure that these incentives and the resulting excellence and low prices flourish in every market (save those that by their very nature admit the presence of only one seller). We want to have many bakers competing for your business. If you happen to be a baker,...
Colleges and universities, however, remain highly fragmented with mostly one-off “deals” that aptly illustrate the price and cost inefficiencies of skewed markets. A large number of uncoordinated buyers will have little effect on pricing terms when a few suppliers are near oligopolies in terms of...