Essay: Monopolistic Environment

Sample Essay

If one was to consider a scenario in which a public policy was to be designed such that it encouraged the presence of monopolies, then such a public policy would have to be one that is meant to make the maximum use of a monopolistic environment (Barnett, 2007). In such circumstances, the firm that has a monopolistic hold is generally given a considerable degree of regard and room for operation in the public policy.

Instances such as these are observed when the firm that holds the monopolistic hold over the industry is not proving to cause damage to the industry and is actually playing a positive role in the economy of the region. There is no doubt in the fact that the monopolistic hold over the industry is realized for the strength that it allots to a single firm, yet the advantages of the presence of monopoly within the perimeters of the firm surpasses the earlier fact. The firm in question can be one that is either producing a product or service that is of the utmost importance to the region or is implementing a production procedure that is proving to be a beneficial influence on the economy (Barnett, 2007).  The firm can be serving as a support system for a much wanted source of supply or may be a one-of-its kind type of organization altogether that cannot be replaced in its span and jurisdiction by another organization.

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