How do you control monopoly?

Answer 1

In a competitive environment, monopoly CANNOT be stopped. It is the process of competition by which the driving force of the market sector breathes. One may enter the monopoly of a given sector to compete in monopoly, but in order to stop monopolistic competion or halt it to a substantial degree one must declare itself in pure monopoly. This may only occur when all other companies have exited the market due to the extreme barriers to entry, such as a lack of profit making for any company besides the company in pure monopoly. Generally, one cannot stop a monopoly in progress. The only way to halt a monopoly is by the extreme conditions of market forces existing in a monopoly that would cause a company to gain total control and therby stopping competitive markets from existing. Although, competitive markets may still exist, thereby promoting the existence of a monopoly into existance, without profit making a monopoly system will crash leaving only a pure monopoly for all profit taking. To stop a Monopoly board game in progress all one needs to do is close the game and walk away.

Answer 2

A true monopoly is formed in one of two ways:

The first occurs when a special interest group(s) representing a particular interest(s), is granted special treatment by the government. This generally happens through incremental regulation by the government.

This sort of monopoly can also be broken up into several categories. In one category are government contracts granted to special interests, such as when the government grants an electric company the sole right to provide electricity to an area or where the government requires that all trash be taken to one particular disposal site. These sorts of monopolies explicitly drive out competition and explicitly set up one particular interest as the sole operator in that industry.

Another category is when the government regulates a specific industry and as a result market conditions drive out competition. In such a scenario the government might actually grant a monopoly to a special interest even while regulating that special interest. Wealthy special interests that are better able to navigate the market than fledgling competitors often lobby for the government to regulate their industry as a whole, including their competitors, for this very reason. For example, a toy manufacturer with the most state of the art toy making technology would benefit from government regulations requiring state of the art toy technology, because toy manufacturers without the means to upgrade their technology would no longer be able to compete. Of course this problem is only exacerbated when the government not only regulates an industry but also exempts entrenched special interests from these regulations, which governments often do.

A related category is when the government delegates to a special interest the power to regulate the industry itself. An example of this would be where the government delegates to post-secondary education boards the power to set educational standards in order for new competitors to operate in that industry. Often such groups are operated by wealthy special interests, the operation of which the government justifies by arguing that self-regulation by industry competitors will lead to more efficient standards. In practice the opposite seems to be the case since such special interests benefit economically from setting the standards at a level high enough to drive out competition. Such special interests generally exempt themselves from such standards, but even where they do not they may still drive out competition through rigorous requirements promulgated and sanctioned by the government in the name of education.

The second true form of monopoly occurs where the government directly commandeers an industry by nationalizing and either makes competition illegal or drives competition out by subsidizing the government's own operations. This kind of monopoly is characterized by government control of an industry and government reaping the profits of the operation of that industry. Although nationalization typically brings to mind the sort of complete operation of industry by government found in socialist governments, there are different degrees of nationalization depending on the extent of the government's control and the extent that the government directly benefits from the profit of its control over an industry. In fact it is difficult to give a bright line definition for when a monopoly transforms from the first sort of monopoly as described above and nationalization. For example it would be difficult to distinguish between a monopoly in which the government owns, operates, and reaps all the benefits of a garbage disposal facility and a garbage disposal industry which has simply been nationalized. And ironically complete nationalization may have a better chance of passing constitutional muster under current U.S. Supreme Court precedent since government granting one particular private group control over a particular industry may violate the dormant commerce clause, whereas complete control of the industry by the government itself oddly does not.

A third kind of scenario often referred to as a monopoly, occurs where a particular competitor is the sole competitor in a particular industry. However, this is not a true monopoly because the absence of competitors is not due to inequitable favoritism granted to a special interest by government, but rather is solely the product of market conditions. If another competitor chooses to compete that competitor is free to do so, although they may ultimately fail just as any competitor in any industry may do. Ultimately any de facto difficulty to compete may be overcome if the competitor is willing to bargain for the right good/service at the right price. If a competitor is unable to compete in such a scenario it is only because the goods/services that competitor is offering are not needed at the price the competitor is selling them at, and the overall market does not suffer when that competitor fails to compete since that competitor only fails to compete if a need is already being filled in the market. This is true even in the case of trusts. As long as coercion by either the government or by other competitors is not present inequality is absent and thereby no detrimental monopoly exists.

Answer 3

The best advice I can give is make sure that you have at least one of every property after the first run round the board. land on them and buy them or just buy them off other players for extravagant sums of money. never buy the airports or the satelite companies as they give little money. If you cannot get a set trade with another player and get a good set e.g the orange, yellow or red ones as they are best value for money.

Answer 4

When they are "the only game in town", either by underselling their competitor(s) and running them out of business, or by buying out their competitors. If you want a certain good or service, and you cannot get it anyplace else but from that business, that implies they are a monopoly, but that is full of legal wrinkles and contingent "ifs, ands and buts".

Answer 5

If you mean the business type, then competition is the answer. If you are the competition, then offer the customers better than the main competitor. If you are the monopolizer, then good.

Answer 6

just beat it!