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RE: Market Structure #5 - Monopoly

in #economics7 years ago

Nowadays we can see the Firm Monopoly means, limited firms are controlling the market means, only few firm products are dominating the market and this is due to the technological development but vast market monopoly is not good for the many means, when we see that monopoly firms are dominating in market then small businesses get hurt because small businesses lack the technological aspect and funds too so, we have to understand that monopoly is good when it comes to specific product or service but when monopoly enters into the general market competition then in my opinion it's not good.

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