Essay: Regulation of Monopoly

Sample Essay

Public policy towards monopoly does not simply serve to regulate monopoly but also plays a profound role in the establishment of ceilings for the regulation of monopoly. More specifically, the ceiling limits once established are put into place in a manner such that they address the pecuniary income of the organizations that are exercising or being observed to express monopolistic behavior (National Bureau of Economic Research, 1962). It is therefore evident that the public policy towards monopoly serves to deal with the numerous intricacies that exist with relation to not only the very monopoly but also addresses the functioning of the organizations involved in the implementation of monopolistic behavior to a substantial extent. However, it is essential to note that the public policy towards monopoly is fully capable of doing so without having to give the regulation the form of an actual law.

By putting limits on the amount of pecuniary income that monopolistic organizations can acquire, the public policy towards monopoly serves to provide a diversity between pecuniary and non-pecuniary income that serves to bring forth a scenario in which the value of the non-pecuniary income of the organization becomes lesser when compared with that of the pecuniary income of the subject organization (National Bureau of Economic Research, 1962). In essence, this serves to give an increased degree of utility to monopolists while ensuring that price levels remain stable and that consumers are able to acquire goods and services at affordable prices. Also, this serves to strengthen the standing of the monopolist player in the industry while making it all the more difficult for their competition to catch up with their performance (National Bureau of Economic Research, 1962). It is for the same reason that such an arrangement is quite frequently brought into use where the monopoly has to be allowed to continue in the industry.

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