Group items tagged

Apple has built a reputation as a monopoly. It is considered a monopoly because it controls so many aspects of its products. For example, the Google chrome on the iPhone has been created to be a bit slower than the safari on the iPhone. The Google chrome is not faulty it is just that apple isn't giving Google chrome an access to the java script. Apple over all monitors the aps placed in its iPhone. That is a monopolist move because monopolies want to prevent other firms from entering the market. Although apple isn't necessarily a monopoly it is considered a monopoly based on its actions as a firm.

This article talked about how Apple broke the monopoly in computer industry controlled by Microsoft. 14 years ago Justice Department worried that without government intervention, consumer choice would be significantly limited by Microsoft. However, today Apple broke this monopoly and took a big share of market. By using non-price competition and creating innovative product, Apple survived and succeed in computer industry. So we can see there is no such thing as a monopoly in computer industry, the advancement of technology will always give the market to the firm.

This article first reminds the reader how theoretical perfect competition is so monopolies are inevitable. It goes on to talk about how there are benefits of having monopolies like Google. 

The prices of electricity and power has risen a lot the past few months in Bulgaria. The price increase from last summer was about 14%. People are complaining but they have no choice but the pay the bills. Even though there are three electricity companies, they are specified for each region. These were considered "regional monopolies."

interesting article from the economist that summarizes a fairly recent "monopoly-like" event. This article is the perfect example of monopolies in the real world, according to the article a bulgarian electrical company had been raising the prices on their own terms because they had a monopoly on the market. This will also be done in the future in the case of water. I also read somewhere else that france and britain own together all of the worlds fresh water so we can see that eventually monopolies will spawn everywhere

This is an extremely interesting article in that it shows a real life situation that is described in our reading, the situation in which massive monopolies may need to be broken up. In this case the reasoning behind the proposal is the fact that these banks are making massive profits, and sparking public outrage, which China's premier hopes to quell by putting forth this proposal.

In the old days there wasnt really monopolies they were mostly quasi-monopolies. The government owned enterprisis and there were not really private sectors and only customers were the one that was suffering but since the old days are gone most of things changed. They believe that monopolies are preffered by consumers and companies instead of competition. The developing technology is a great factor in a way of helping firms to advertise their product to convince people or take people's attention to buy the product. The advertisements and the high prices of products convince people to buy the product because they trust the price and the trusworthiness of the firm.

The U.S. justice department has blocked Anheuser-Busch InBev from buying Grupo Modelo, saying that this would give Anheuser Busch a beer monopoly. Anheuser Busch has been constantly raising its beer prices, and the DOJ is afraid that if they continue, then Grupo Modelo would follow suit. The two companies account for 76% of beer sales, so the reason for worry seems necessary.

Although there are many brands of beer, the truth is that one company brews many of them. This article talks about how Anheuser-Busch InBev was stopped from buying Grupo Modelo for $20.1 billion. Although on the outside it just seems like one company buying another, Anheuser-Busch InBev is the producer of 46 different beer brands. Buying Grupo Modela would increase that number to 54. The purchase was blocked because the government feared that it would create a beer monopoly, allowing the company to set the price at whatever they want.

This article is particularly interesting due to the fact that it shows the negative aspects that can arise when a monopoly is present

House Representative John Mica of Florida, my home state, is planning to introduce legislation to Congress to address what he considers to be Amtrak's monopoly over passenger-rail service. The legislation would aim to increase competition in this industry, not end Amtrak itself. Mica is a member of the House Transportation and Infrastructure Committee and hopes that Congress will consider federal rail policies later this year.

Japans sales for whale meat decline as Iceland steps into the market.

An Australian court ruled that companies can conduct genetic patenting. A single company can be given "exclusive rights to carry out tests on specific genes." This is a monopoly because no other companies can research or conduct tests on the patented gene.

The Russian government is holding debates on whether to allow private oil companies to begin exploring for oil in the oil rich arctic shelf. Russia is holding these debates because it does not have the resources to properly explore and drill at the rate that it wants to. Donsky warms that only in 2030 will Russia see any profit if they continue at the same tempo.

This article talks about how a Google's monopoly affects the Internet freedom, it rises the problem that Google took almost all the power of searching sources which restricts the Internet freedom, such as entering some new inventions without google's permission.

The article talks about two large U.S airline companies wanting to merge, American Airlines and US Airways. This will have a great impact on the US market in which with the merged firms and another two firms will control about 80%.

Fans of Monopoly have voted to replace the iron with a cat-shaped playing piece in the popular board game. Following a month-long online poll, toy maker Hasbro said the feline design had beaten competition from a robot, helicopter, diamond ring and a guitar.The cat token received 31% of the total vote

This article discusses the duopoly in the telecommunication industry here in the UAE, Etisalat and Du. the article clearly points out the fact that both companies over charge, stating that internet here costs 50% more, when compared to internet pricing in the UK. This market was a monopoly, dominated by Etisalat but the entering of DU is said to be rapid and thus they are suffering from some diseconomies of scale. The way the article concluded was quite interesting as it stated that the Abu Dhabi government subsidized it's airline industry so that people could visit and enjoy lower rates, and then says it should keep the broadband cost more competitive so that it can attract the companies of tomorrow

I also worked on this topic as my part of my IA commentary. This article from the NY times explains the rising power of certain beer companies that have acquired a large amount of the market. This, according to the article, has created a sort of oligopoly. Monopolies and oligopolies are severely watched by the government because they do not want only a few companies to dominate the market. In the article they explain that these oligopolies are testing the presidents tolerance.

The article is talking about some giant beer companies that merged together but had some issues with price decisions because the prices were too high for consumers and they were not able to afford the prices. Even though it was hard to agree for each company the high prices encouraged them for competition and the industry got better. On the other hand the rising prices also pushed companies for oligopoly because as they come together pricing strategies, the division of labour would be easier and more effective.

This article talks about a oil company in Russia that controls on the gas exports and oil giants are trying to convince the government to liberalize exports. It also mentions how even if they were liberalized, it would take a while to change who exports gas because of loyalty from consumers.

Google has struck a deal with the FTC about their current antitrust lawsuit. Google currently has a major monopoly over the internet market. As a result of the deal, they have to change the way they do business in order to ensure that competition is more fair.

The justice department of the Untied States has filed charges against Standard & Poor's, the largest credit ranking agency, for its involvement in the 2008 financial crisis. The article mentions how our current market, where three large credit agencies have had a sort of monopoly over the market, contrasts with the ideal form of perfect competition (where firms move freely but within certain rules). The author suggests however that the Federal Reserve may have had an equally significant role in the economic collapse, and by not acknowledging its own faults may give off a very poor image to the public.