Im doing this economics project at school and to pass my class i need to know an example for monopoly?
Answer:
AT&T is not technically a monopoly because competition is allowed. It USED to be a monopoly, but was broken up after deregulation.
A true monopoly is generally limited in geographic scope - for instance, most utility companies are monopolies locally because it is far too expensive to have two separate power plants competing to provide power for the same city.
Many state-sponsored industries are monopolies. In the US, the sole example would likely be in the category of interstate or intrastate passenger (light) rail. There is only one interstate light rail company in the US, and I cannot think of a single municipality that has more than one local (intrastate) light rail provider.
In some developing nations, monopolies still exist. India and Singapore, for instance, have (or at least had until recently) their own state-protected monopoly car manufacturers. The Proton is a much-maligned product of this, and I believe may have been forced to disband.
This should give you ample room to look. Try flipping through the Wall Street Journal or The Economist for research.
Yes there are a few companies you can think about... you can think of microsoft (computers) whos only real competition is apple. Or you can talk about your local power company as there is sometimes smaller companies that you can get your power/gas from however they still bill through the original company. Hopefully this helps.
Wal-Mart...they put small companies out of business
hey i hav monopoly is price maker in which price is set by monopolist company,it does not hav free entry and free exit means it need government permisson for entry in market or da same for exit and last they hav to pay high taxes so in, perfect competation market there is no price rise due to increase in tax and companys lik bmw in india is monopoly cauze it only produce 100 cars a month wid a handful of buyers
A good example would be what was referred to as Maw Bell, prior to the government breaking it up because it was a monopoly, the result of which were the Baby Bells. All of this is really well documented and since it is a homework assignment I suggest that you look it up for the precise details. As far as economics is concerned this should make interesting reading and if you are worth your weight in salt, you should get a good grade. Go to work!
Id say your best example would be to talk about a public company because of the artificial barriers to entry. In the case of private companies you may have high market contestability which means even though they are monopolies they wouldnt behave like monopolies because they fear new firms entering the market
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