Monopolies In The United States

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A monopoly defined by the oxford dictionary is a company or group having exclusive control over a commodity or service. This occurs when a firm or a business dominates a market. A monopoly is a price maker which means that they determine the prices in the market rather than accepting the prices given by the industry. There are many companies that now dominate a particular market in different countries in the world. In the UK companies that have 25% or more of the market share is said to be a monopoly. There are a few monopoly firms in every country that dominates the market, there is much debate when evaluating monopolies in relation to the effects they have on smaller firms in the same industry and also towards their consumers mostly to