Why was monopoly banned in Russia?

Answer 1

Monopoly was banned in Russia to promote competition and prevent the concentration of economic power in the hands of a few entities. The move aimed to protect consumer interests, encourage innovation, and ensure fair market practices. Additionally, it was part of broader economic reforms following the collapse of the Soviet Union, seeking to transition to a market-oriented economy. By prohibiting monopolistic practices, the government aimed to foster a more dynamic and equitable economic environment.