AMH 2020H Lecture Notes - Lecture 3: Horizontal Integration, Perfect Competition
24 Jun 2016
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Address in essay: does economic efficiency and concentration of wealth generated by big business and its leaders pose a threat to democracy and its institutions, rockefeller captain or barren. Problems of monopoly- price fixing, inequality, instability, threat to freedom. Monopoly- one individual or group controls, service, or product. New form of corporate organization: vertical integration & horizontal integration: to eliminate competition, avoid laws, and increase profits. Took banks and rr but got us out of bankrupt. 19th century corporate methods or terms by big business characteristic of. Monopoly: in economics, a monopoly exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. Monopolies are thus characterized by a lack of economic competition for the good or service that they provide and a lack of viable substitute goods.
