Monopolv is one points the peculiar{{U}}
(21) {{/U}}.which can affect the sale and purchase of certain
commodities.In some markets,there may be only one seller or a {{U}}(22)
{{/U}}.of sellers working very closely together to control prices.The result
of such monopolistic activitv is to fix prices at a level{{U}} (23)
{{/U}}to the seller,a level which may bring him artificially high
profits.Many governments dislike this procedure and have taken legal actions
to{{U}} (24) {{/U}}.or halt such business activities.In the
U.S.anti-trust laws operate to limit cartels and mergers.{{U}} (25)
{{/U}}in Britain the Monopolies Commission examines all special arrangements
and mergers referred to them by the Board of Trade. This type of monopoly is not the only{{U}} (26) {{/U}},however.There are three other forms:state,legal and natural.State monopolies are quite common nowadays,where the{{U}} (27) {{/U}}in a particular country control industries like steel and transport or important and prestigious revises like national airlines.Legal monopolies are rather different,because the law permits certain individuals to{{U}} (28) {{/U}}solely from their special inventions,discoveries or processes.Ne other person may infringe their rights in respect to{{U}} (29) {{/U}}monopolies. Finally,natural monopoly{{U}} (30) {{/U}}where a nation or individual possesses most of a particular mineral for reasons of geography and geology. |