Perfect Competition V. Monopolies
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Title: Perfect Competition V. Monopolies

Essay Details:

Subject: History
Author: Minnie F
Date: July 18, 2016
Level: University
Grade: A
Length: 2 / 309

Essay text:

In this situation the consumer is taken unfair advantage of by the business owner, in this case the store. Government regulates monopolies to promote a perfect competition economy and to get rid of the "turkey situation" discussed above. The benefits of a perfect competition economy benefit consumers. For example, if we go back to the store, in a perfect competition economy all of the stores have turkey. Now the stores want to make sure that the turkey that they sell is the best turkey and cost the least. In this situation they are competing for the consumer's business. However, business owners of a monopoly situation disagree with the government...

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