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Monopolies Operating In Competitive Markets

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Recommended: Monopolies and economy

Businesses operating in competitive markets have to be on their best performance in terms of;
• Quality
• Pricing
• Customer service
• Community service
Competition is actually very good for markets that get treated to the power of choosing the best deals offered. Monopolies, on the other hand, do not dwell on pleasing the markets they serve. They are oppressive and disallowed in many economies, whether capitalistic or not. In competitive markets, development and innovation always factor in the general progress of trade and the welfare of the market served is always upheld over profitability. Thus, even where monopolies have to be allowed because of patents, regulation is critical to reduce the levels of exploitation to which the market be subjected. Where basic needs are involved, monopolies could subject their customers to inhuman exploitation. Sadly, American prisoners have been subjected to a lucrative monopoly of supply for basic commissary goods and communication services like;
• …show more content…

According to Tampa Bay Times, the Keefe Group has had the exclusive contract to supply al of the above listed goods and services for years. The unethical contract legitimizing the unethical trade within correctional facilities has been the source of inmate woes and tribulations for the entirety of its existence. The Keefe Group, as it presents itself in paper, features different affiliate suppliers: all of whom enjoy different exclusive trade contracts allowing them to provide vendor services at correctional facilities. The vendors with such exclusive deals and under the Keefe Group include;
• Keefe Commissary Network,
• ICSolutions ,
• Keefe Supply Company,
• Access Corrections,
• Advanced Technologies Group
• and Access

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