There are many things to worry about in America, one of them is the numerous monopolies that occur in America and how they are ruining the economy. For those who don't know, a monopoly is a situation in which a single company owns all or nearly all of the market for a given type of product or service. So, for example, you would say to your friend; “The taco shops in my area have really sky-high prices and he says, 'They're all owned by the same owner.' It would be a form of Monopoly, there are many views on Monopoly depending on whether it's good or bad. Barry C. Lynn of theatlantic.com argues in their article; “American monopolies are holding back the economy.” That “The effects of monopoly infuriate voters in their daily lives as they face sky-high prices set by drug company cartels.” and by abusers, by cable providers, by health insurers, and by airlines What they mean by this is that the owners of all these things simply charge more for their services and make people spend more do this even if demand is high because the customer essentially has no choice. This can also happen with grocery stores when they raise prices in poorer areas and have fewer options. Monopolies also lose any encouragement or motivation to innovate, they don't need to have new or improved products. In fact, a 2017 study by the Nation Bureau of Economic Research found that many companies in the United States have invested less in their products/services since 2000. Disruptive technology is the worst enemy of monopoly TV companies or cable companies why not rely on cable to send TV shows or movies because it can do it directly digitally. Companies also use tactics to establish monopoly power, so they can drive potential competitors out of the market. For example, a rich company can set prices below the cost of its competitors and suffer losses while the other company makes nothing because the company has lower prices and the other company is forced to close its doors because it cannot afford to DESCEND. and when the other company goes bankrupt, the company raises prices more than if the market were competitive just so they can cover their losses by establishing a dominant market position they have now. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay While there are many bad things about monopoly, there are also times when it is good or necessary. It almost guarantees consistent delivery of product or service that costs too much. Like dams and power plants, because it is very expensive to build new power plants and dams because you have to pay for various things like builders, workers and repairs. Federal governments have regulated these industries to protect consumers so they don't have to pay sky-high prices, i.e. companies could set prices to recoup what they lost even at a reasonable profit. There was a lot of talk about deregulation in the 1990s to obviously allow competition, which in some cases occurred. Another way that monopoly can be good for the economy is in research and development because it makes windfall profits, which can be used to finance high-cost capital investment expenditures such as research. Then, assuming the research is successful, improved products and lower costs can be used in the long term. This is especially important for telecommunications and pharmaceuticals. So without monopoly power basically means.