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Essay / Research Paper Abstract
This 5 page paper examines the issue of monopolies in regards to the free market system. Specifically, this paper addresses how the free market system is disrupted my monopolies and discusses financial intervention by government and how democracy impacts this problem. Bibliography lists 3 sources.
Page Count:
5 pages (~225 words per page)
File: D0_GSMonopo.rtf
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Unformatted sample text from the term paper:
says "let the market decide" and this is the foundation upon which free trade rests. Basically, this is based on the belief that the market is best able to
determine the means by which consumers can access good products at the best prices. In other words, this is what competition is all about. When one company sets
a price another company which sells the same or similar product must compete either in terms of price, quality or service. In this way then, the market generates new
and better products and services while keeping prices reasonable. This is all true of a free market system. Monopolies on the other hand have none of these
characteristics. A monopoly occurs when there is no competition for a particular product or service. There are government run monopolies in the United States such as the educational
system and mail service which nearly have the market cornered in both instances. There have been monopolies in the private sector as well but the government is quick to
intervene when this is the case. Their intervention is based upon the Sherman Act which forbids monopolies, but finding what appears to be a monopolistic company in strict violation
of the act is sometimes difficult. What Can Governments Do About Monopolies? In the governments camp is the Sherman Act in which antitrust law is specifically defined and
it is through alleged violation of the Sherman Act that companies are prosecuted. The Justice Department can bring their case before federal courts if they believe a company has
violated anti-trust law. This is precisely what has happened with Microsoft in recent years and a battle ensued which continues to be fought. How Would Financial Intervention
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