• Provide an example of an industry that has characteristics of a monopoly.
• Was this advantage created by the acquisition of other companies?
• What are some advantages to competition for the consumer?
• If a business is successful enough to dominate and industry to think they should be allowed to run their business as earned? Should the government have the power to step in and break it up to create a competitive environment?

Answer rating: 100% (QA)

Example of an Industry with Monopoly Characteristics One example of an industry with characteristics of a monopoly is the diamond industry De Beers hi... View the full answer