Quote from: odunybiz on October 25, 2023, 11:15:45 PM

Monopoly has a great effect on price of commodity. In a monopoly system, price of a product can be raised anyhow without worrying about the actions of competitors. A perfect competitive market can help to reduce the effect of monopolist on price of goods and services.

More perfect market competition can also be created by the government with the help of traders who do not like the monopoly system itself. Because when a system generally only benefits one party or certain parties, it is appropriate for the local government to eradicate it in order to create more normal and perfect market competition. Because a small part of society's difficulties arise from unreasonable or abnormal increases in the prices of goods and services over an uncertain period of time.