Talk:Monopoly
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Historical Examples
[edit]- Why isn't Standard Oil listed here as one of the historical examples? — Preceding unsigned comment added by Brer vole (talk • contribs) 19:04, 20 September 2005 (UTC)
I agree, the John D. Rockefeller case is a prime example of monopolies. He used his power to put other gas companies out of business for his own financial gain. He was found guilty for the case, and was a very large part in the time and even today, as we see gas prices fluctuating rapidly. -airtrixxx1080 — Preceding unsigned comment added by Airtrixxx1080 (talk • contribs) 02:56, 8 June 2006 (UTC)
Effects
[edit]Could someone please create a section focusing on the effects of a monopoly? Some are stated, but some are omitted.
For example, I read an academic article in which the author compared a monopoly in software is similar to one in biology. He used this to argue how badly Windows software suffers from viruses.
Also, monopolies do not allow consumers control. In Colorado, the End User Standards is a policy that requires State works to use Microsoft Office because it is the de facto standard. In a sense, their decision is controlled by the monopoly and the vendor, but the decision should be made without these external pressures.
I am sure there are more effects to a monopoly.
Here is a decent article that goes into more depth on the effects (including benefits and bad things): http://www.bellevuelinux.org/monopoly.html — Preceding unsigned comment added by 63.247.196.140 (talk) 00:11, 28 November 2005 (UTC)
- That Biology reference is just amazing. Never thought of it that way. Great stuff.
- -G — Preceding unsigned comment added by 65.93.202.65 (talk) 22:31, 25 May 2007 (UTC)
A monopoly market can have an equilibrium...
[edit]Changing this... "Deadweight loss is the cost to society because the market is not in equilibrium, it is inefficient." to this... "Deadweight loss is the cost to society because it is inefficient." Rationale... the former runs counter to my understanding.2001:4450:46C1:CC00:2439:205D:EF44:FD29 (talk) 03:29, 16 August 2023 (UTC)
Market shares: unclear
[edit]The sentence
If a company has a dominant position, then there is a special responsibility not to allow its conduct to impair competition on the common market; however, these will all falls away if it is not dominant.
does not make sense, especially last part. What is it supposed to say? Can't correct.
More citation needed tag for characteristics of Monopoly tag
[edit]The more citations needed template for characteristics of Monopoly is there even though there are a few cotations. Can we get rid of it or are there more citations needed?Accidental creator (talk) 19:40, 14 June 2026 (UTC)
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