There are many things to worry about in America, one of which is the many monopolies that exist in America and how they are ruining the economy. For those who don't know, monopoly is a situation in which a single company owns all or almost all of the market for a given type of product or service. So, for example, you would say to your friend, "The taco shops in my area have really sky-high prices and he responds, "They're all owned by the same owner. » It would be a form of Monopoly, there are several points of view on Monopoly depending on whether it is good or bad. Barry C. Lynn of theatlantic.com states in his article: "American monopolies are holding back the economy." That “the effects of monopoly exasperate voters in their daily lives, as they confront exorbitant prices set by drug cartels and abusers at cable companies, health insurers and airlines. What they mean by that is that the owners of all these things just charge more for their services and get people to spend more. They can do this even if there is high demand, because the customer basically has no choice. This can also happen in grocery stores when they raise prices in poorer areas and have fewer options. Monopolies also lose any encouragement or motivation to innovate, they have no need for new or improved products. In fact, a 2017 study by the National Bureau of Economic Research found that many companies in the United States have invested less in their products/services since 2000. Disruptive technology is the worst enemy of TV company monopoly or cable companies because they don't rely on cable to send TV shows or movies because it can do it directly digitally. Companies also use tactics to establish monopoly power, so they can drive out potential competitors. For example, a wealthy company can set prices below its competitors' cost and suffer losses while the other company gains nothing because that company has lower prices and the other company is forced to go out of business. because it cannot afford to lower its prices. and when the other company goes bankrupt, it raises its prices more than if the market were competitive, simply to be able to cover the losses it suffered while establishing a now dominant position in the market. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Although there are many things wrong with monopoly, there are also times when it is good or necessary. This almost guarantees consistent delivery of an overly expensive product or service. Like dams and power plants because it is very expensive to build new power plants and dams because you have to pay for various things such as builders, workers and repairs. Federal governments regulated these industries to protect consumers so they would not have to pay exorbitant prices, for example, businesses could also fix their prices to recoup what they lost for a reasonable profit. There was a lot of talk about deregulation in the 1990s to of course allow for competition, which happened in some cases. Another way Monopoly can benefit the economy is through research and development because they make a profit.