Assignment Example | Topics and Well Written Essays - 250 words - 1

Assignment ExampleBy having monopolies on these sectors, economies of scale can be achieved which means the greet of per unit production of a product or service decline as the output volume increases. By having more than one supplier would practically be wasteful for consumers and economies besides, this would increase the cost aggregately ( linfo, web). In the United States of America, United States Postal Service is government-owned entity that has monopoly over postal services with above given reason. The regulate monopoly of American Telephone & Telegraph Company, commonly known as AT&T, and its Bell System efficiently worked in its initial period of history. The AT&T came into existence in 1875, with founder Alexander Graham Bells invention of the telephone (Corp.att.web). It enjoyed the monopoly in the telecommunication industry due to its technological advancements at that time and there was no other firm that could become able to secure that kind of technology. As a result, telephones and telecommunication fast spread crossways America. Monopolies facilitate investment in research and development. Microsoft experienced monopoly by introducing the latest technology in the shape of MS-DOS and windows operating systems in its early era of nineties and 2000s.