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Essay Available:
Pages:
1 page/≈275 words
Sources:
3 Sources
Style:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Features of a Natural Monopoly Company and the Ethics Behind It

Essay Instructions:

After reading the two articles (and the recommended reading if interested), please take two to four sentences to respons to one question (identify which), or to ask your own question, or to respond to a classmate's question/comment.

1. What features of a market or a company make it a "natural" monopoly? Does this mean such monopolies are ethically good?

2. Taplin emphasizes a relationship between AT&T's telephone network monopoly and the innovation of Bell Labs. What industries do you think have more product innovation: those with a monopoly or those with many competing firms? Why?

3. What can a now-dominant company like Google do in the market to maintain its position of dominance? What can it do in its nonmarket environment?

4. Give at least one example of "creative destruction" beyond those given by Wolfe. Why were new market entrants able to succeed, and why did incumbents fail?

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Question 1
A natural monopoly usually results from powerful economies of scale, high start-up costs, and established barriers to new competitors entering the market when operating a business in a particular industry. The monopoly can often efficiently satisfy an entire market's service demand at a lower price than what two co...
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