AM General Monopoly

A monopoly is advantageous to the society and is encourages by the government if there are high fixed costs and very strong economies of scale. At the same time, it could also lead to unequal distribution of wealth; containment of consumer choice; lobbying and unethical spending.

While companies that make up an oligopoly are competitors, they are acutely aware of the processes, systems, and actions of the other companies; therefore, the decisions and actions of one company usually influence and are influenced by the actions and decisions of other companies. These decisions and actions tend to restrict and limit the goods and services that are offered and can also lead to higher prices for

Finally is the allowance of these monopolies to rise in the first place. Since there were no regulatory agencies back in the second industrial revolution, big businessmen with the idea of trimming fat in their companies could conquer any competitor by using hardball tactics of purposely

"Every monopoly and all exclusive privileges are granted at the expense of the public, which ought to receive a fair equivalent… If our Government must sell monopolies, it would seem to be its duty to take nothing less than their full value, and if gratuities must be made once in fifteen or twenty years let them not

In September 2011, the Senate Appropriations Defense Subcommittee voted to cancel the Army and Marine Corps' Joint Light Tactical Vehicle (JLTV) in their version of the fiscal year 2012 defense bill (Munoz, 2011). This measure could have completely shut down efforts to replace a thirty year-old fleet of Humvees, loyal but potentially outmoded tactical wheeled vehicles. The Army's Modernized Expanded Capacity Vehicle program has been a project set to replace the High Mobility, Multi-Wheeled Vehicle (HMMWV) family in the works for years. The project, however, continues to be stymied by budgetary constraints. Per-vehicle costs for the JLTV begin at $250,000 and are likely to climb, as Lockheed-Martin secured a preliminary contract for engineering, design, and development. The high cost of the JLTV does preclude it from completely replacing the HMMWV, and yet cost does not preclude the JLTV from supplementing the Army's fleet. A middle-ground solution is the best method of maximizing initial investments, while also banking on the robustness of national security.

Monopoly isn’t just a board game where players move around the board buying, trading and developing properties, collecting rent, with the goal to drive their opponents into bankruptcy. However, the game Monopoly was designed to demonstrate an economy that rewards wealth creation and the domination of a market by a single entity. Monopoly and Oligopoly are economic conditions where monopoly is the dominance of one seller in the market and an oligopoly is a number of large firms that dominate in the same industry. Even though monopoly and oligopoly coexist in the same market, they do have some differences. In many cases, monopolies arise because the government has given one person or firm the exclusive right to sell some good or service. Since monopolistic markets are controlled by one seller, the seller has the power to set prices too high amounts. Monopoly companies give consumers limited choices on what to pay and what to choose from what is supplied. Oligopoly is consumer friendly because it promotes competition amongst sellers with moderate prices and numerous choices in products. Examples of oligopoly area wireless carriers, beer companies, and different types of media like TV, broadcasting, book publishing and movies. This essay will discuss descriptive section on how monopolies and oligopoly apply to microeconomics; it’s historical backstory, the government involvement with handling monopolies and oligopoly, how it applies to college life and the overall importance to

Am general’s was created Humvee in 1979 which is an acronym for the formal designation “High Mobility Multipurpose Wheeled Vehicle (HMMWV).

There are many advantages and disadvantages to having the government regulate businesses. The government also affects many things I encounter daily. From schools, roads, and taxes I pay for goods, the government plays a huge role in each of these.

A monopoly is just a better competitor. Monopoly law is a tool for the politically connected and economically uncompetitive. And they use that tool to get rid of the competition. It has been seen this way many times throughout history. A true monopoly doesn’t exist in the free market. Monopolies will only be around with the help of the government. An example being AT&T.

Monopoly is a single firm that controls the market of a given product. In a monopoly there is an absence of competition, which results in high prices and inferior products. Because there is an absence of competition and the firm has total domination of the market, the demand curve in the entire market for the good is equal to the demand for the individual firm’s output. A key characteristic of a monopoly is the individual’s firm downward sloping demand that shows that the firm has some market power. Market power is the ability to control price without losing market share. A monopoly’s profit maximization is achieved when marginal cost equals marginal revenue.

Thanks for your comment and point of view. What I was referring to was that the government may desire to regulate monopolies by granting patent to new invention or prosecute antitrust cases so as to protect the interests of the consumers. For example, monopolies have the market power to set prices above in competitive markets. The government can control monopolies through price capping, promote competition and preventing the growth of monopoly

A monopoly is the exclusive possession or control of the supply or the trade of a commodity or a service. An example of a monopoly is when the U.S markets were

It is true that economic regulations have several impacts on monopolies. The economic and societal dangers of monopolies are clear. To combat the effects of these large corporations, the government has uses both regulatory legislation and court cases, to regulate monopolistic businesses. Though the U.S has followed varied strategies, the aim of restricting market hegemony has been relatively constant. Though examples of attempts at government regulation are widespread, three stand out from the rest: the 19th Century railroads, Microsoft, and IBM.

An Oligopoly is similar to a monopoly in that there is restricted competition due to barriers to entry, but unlike monopoly there is competition. In Oligopolies there are just a few, very large firms, competing with similar or identical products.[3] Examples of oligopolies are oil companies and automobile manufactures. Unlike monopolies these firms have to take into account what the other firms will do and either adjust their prices in order to gain advantage over one another or collude with one another in order to become a monopoly (Oligopoly market Structure, 2007-2012). The latter being what most individuals fear when they think of monopoly; not allowing the market demand to set the price of goods coming to market, but instead limiting the supply in order to drive up the price of a product. The United States anti-trust laws are designed to limit firms’ ability to do this, but due to the amount of time it takes to prove such actions their effectiveness is limited. In the case of oligopolies the barriers to entry are what prevent firms from competing, and firms instead produce as much capacity as their infrastructure allows and set the price to clear the market. The more firms that compete, the more likely the aggregate welfare of the economy is to be satisfied, and the less likely that one firm can affect the whole industry.

The privatization of some government-owned monopolies often occur deregulation, meaning they will use some policies that can allow more companies of business enter the industry and increase market competition. (Pettinger, 2017). With increased market competition, shops tend to decrease their prices so that they can fight for more customers. It also encourage more development on products, so more new goods can be produced and consumers can have more product choices. Owners also provide higher quality services in order to keep their old customers and attract more new customers. (Lau, 2014). They will also increase their productivity under a more competitive market, they can respond faster to market changes and make better and more flexible market decisions. When developing the economy, it promotes the private enterprises, increases financial flexibility and helps with the expansion of the private sector. (Li, 2012). This leads to an overall better economic