Monopoly Essay Example | Topics and Well Written Essays - 1750 words

Monopoly - Essay Example Another is the absence of any other company with products or services that can be compared to that offered by the monopolist. And lastly, there are factors that can contribute to the action of monopoly such as the barriers to the entry of other products or company (Klein; Sowell 80-87). Another important characteristic of the monopolistic company is the capability to control the price of the product in the market. This can be one of the main reasons that anti-monopoly policies are being implemented to be able to protect the consumers with regards to the uncontrollable increase in the prices of products and services. There are different products and utilities that can be classified in a monopolistic market which include gas or fuel, electricity, water, cable TV and telephone serve companies. To be able to achieve an understanding of the principles of monopoly in the market, the study of the different companies in the global market is undertaken. These companies are involved in the service and manufacture of the products classified under monopolistic market. In the UK, one of the current issues though there is a deregulation with regards to monopolization is the perceived control of the National Express over the train routes as a result of the recent take over of the Greater Anglia trains franchise in September 2008 (This is London Website). The said example can be attributed to the result of competition that favored a particular company to excel. Basically, the competition that initially occurred can be stopped due to different factors such as failure of competitors or achievement of better market share of leading companies resulting to greater advantage and can ultimately arise to monopolization. Another influential company in the British market is the British Telecom which is involved in a wide variety of telecommunication services initially in UK and then expanded to the global market. The said company had