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Monopolies In A Capitalist Economy
Essay specific features
Written by:
Patty D
Date added:
March 18, 2015
Level:
University
Grade:
B
No of pages / words:
3 / 777
Was viewed:
3963 times
Rating of current essay:
Essay content:
Public utilities are an example of a pure or natural monopoly. A pure or natural monopoly is a single firm in an industry. This is the most effective way to provide very important goods and services. An example of a public utility monopoly that affects our everyday life is that of SDG&E. They are the only power company in San Diego County and thus they have a monopoly on San Diego...
displayed 300 characters
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This, however is the kind of monopoly that the government likes to keep running and in operation because they know that we cannot do without for very long. If SDG&E decided to go out of business there would be no power supplier for all of San Diego County. In addition, because of the fact that SDG&E is the only gas and electric provider they can name almost any price and we have no choice but to comply with their demands unless they can find a dependable alternative, like solar power...
displayed 300 characters
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