This is perfectly okay under our laws. Another common kind of monopoly happens for technological reason. Sometimes it is cheaper for one company to produce a product in large amounts than to have several smaller companies dividing the production. With cheaper production costs can come lower prices for customers. Such companies as Wal-Mart and Microsoft have been charged as acting as monopolies under these laws.
Competition is indeed a cornerstone of our economic system.
It forces producers to discover and meet the wishes of customers. The sellers that do that best are rewarded with profits. We customers benefit through lower prices, better quality, better service and increased choices. He also has won many national and state awards in economic education. Musante, a former attorney, has taught high school for more than 20 years and currently teaches at Oviedo High School.