Monopolies are rare creatures if you go by the text book definition (i.e.
a single firm operating in a market). The ones that do exist are usually
government regulated.
Now, if you want a broader difinition then you could say a firm that has
over a certain amount of market concetration (i.e. how much of the market
it has a share of). Of course your choice of cutoff point would be
arbitrary. However, I'd recommend using the term oligopoly as this is
more accurate. The behavior of firms in oligopoly situations is quite
diverse and there is a lot of literature in this area. So there isn't
going to be a simple answer, IMO, to your question.
Steve
--- emma fieldhouse <[log in to unmask]> wrote:
>
> All,
>
> What about monopolies, limited companies and firms working within small
> niche markets? Where do they fit into the capitalism picture?
>
> Regards,
>
> Fieldhouse
>
>
>
>
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