Competition in some markets {natural monopoly}, such as public utilities, can be socially confusing or bad. If market has only one business {monopoly}| {monopolization}, business can fix prices and use pricing and other devices to keep others out of market. Governments can outlaw agreements to fix prices or outputs and attempts to exclude competition from markets.
Social Sciences>Economics>Microeconomics>Market>Structure>Monopoly
6-Economics-Microeconomics-Market-Structure-Monopoly
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Date Modified: 2022.0224