Karen Merrill
ECO 202
Ron Norton
Extra Credit
Monopolies in Today’s Society
I will examine the questions are monopolies socially undesirable and if society’s
interests would be best served restructuring monopolies into competitive firms. Essential
resources such as electricity, water and communication are in virtually every household in
America. These things are necessities that we all purchase and use every day. There are negative
and positive aspects to monopolies.
It is necessary for some services to be a monopoly. Electricity, for example, is
