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How To Deal With Bad Monopoly In The Market?
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[QUOTE="Kingsley, post: 209151, member: 30278"] When we say bad monopoly well it is indeed deep because monopoly as we all know is already a selfish kind of market in the types of market that we have. Monopoly is a type of market where we have only one seller and so many buyers. Technically when we examine this type of market closely we will realise that it is selfish in nature and those that wants to operate in this type of market are struggling to be without competitors, thry want to make all the profit for themselves and thry don't want others to come into the market. But in practical terms this is very difficult because it will be hard for anyone to want to claim to ten the only one to have the rights or privilege to deal in the market, although it is possible but not entirely. It only happen when the business operating in this type of market is operating at the shortrun, but as time advances people will begin to look for ways of coming into that kind of business even the monopolistic masters are into eveb if the operators in the monopolistic market are doing it under some rights other potiential investors may take the risk of doing the business illegally. [/QUOTE]
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