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What methods of intervention are open to UKgovernment to regulate private monopolies?
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Economics Assignment II What methods of intervention are open to UK government to regulate private monopolies? The economies of scale can lead to monopoly also another form of imperfect competition It is often argued that monopolistic competition leads to a less efficient allocation of resources than perfect competition. The economies of scale are things which make it possible for bigger organisations or countries to produce goods and services, most of the time cheaper than the smaller organisations. Whereas the monopoly exists when there is only one firm in the industry, meaning a market situation with only one seller. Imperfect competition has limited amount of buyer, it can be called a monopolistic competition i.e. firms noticed that the price can charge is a decreasing function of the quantity it sells. Imperfect competition assumes that the sellers they do not seem to forecast the reactions of the individual competitors: this goes with the form of oligopoly. Monopoly is not...
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