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In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
PG&E and other utility providers are market failures that we refer to as natural or public monopolies. Normally, government tries to prevent monopolies from emerging (think of the current case ...
In the United States, antitrust law is a collection of mostly federal laws that govern the conduct and organization of businesses in order to promote economic competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914 ...
Monopolies can be formed by mergers and integrations, form naturally, or be established by a government. In many jurisdictions, competition laws restrict monopolies due to government concerns over potential adverse effects. Holding a dominant position or a monopoly in a market is often not illegal in itself; however, certain categories of ...
Anti-competitive practices are commonly only deemed illegal when the practice results in a substantial dampening in competition, hence why for a firm to be punished for any form of anti-competitive behavior they generally need to be a monopoly or a dominant firm in a duopoly or oligopoly who has significant influence over the market.
It is crucial to prevent misuse of monopoly power, as this can lead to delivery of poor services with very high prices. This includes for example the telecommunications, water, gas, or electricity supply. [1] [2] Often, regulated markets are established during the partial privatisation of government controlled utility assets.
Mexico's anti-monopoly regulators on Monday imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers. The decision follows a related ...
On the bright side, since persistently high inflation, induced by hefty tariffs, would prevent the Fed from lowering borrowing costs, cash-like and bond investments could keep some of their luster ...