Is monopoly necessary in certain industries?

IB D

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The concept of monopoly has been a topic of discussion for years, with opinions divided on whether or not it is beneficial for businesses and the economy as a whole. In certain industries, monopolies have been established and have proven to provide stability and profitability.

What are your thoughts on this topic? Do you believe that certain industries require a monopoly in order to function effectively? If so, what are some examples of industries that benefit from monopolies?
 
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jetsaints30

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There are definitely varying opinions on this topic. Personally, I think that monopolies can have both positive and negative effects depending on the industry. For example, in the case of utilities like water or electricity, a monopoly may be necessary in order to ensure efficient distribution and maintenance of services. Yet, in industries like telecommunications or cable, monopolies can lead to a lack of competition and stifle innovation.
 

Bisolami

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The concept of monopoly has been a topic of discussion for years, with opinions divided on whether or not it is beneficial for businesses and the economy as a whole. In certain industries, monopolies have been established and have proven to provide stability and profitability.

What are your thoughts on this topic? Do you believe that certain industries require a monopoly in order to function effectively? If so, what are some examples of industries that benefit from monopolies?
I do not know much about Monopoly in business is so I am willing to learn from you
 

Shavkat

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It is not a good thing. I only seen this situation and a typical example in China. Most businesses were controlled by them. It means that it is difficult to have business with them.
 
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