Eco Correcting Market Failure Monopoly

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  • Created by: Beswick26
  • Created on: 05-10-16 13:18
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  • Monopoly
    • Subsidies
      • Waste of taxpayers' money
      • Creates more competition
    • Increased taxation
      • Companies may raise prices
      • Tax avoidance
      • Creates competition
    • Legal restrictions/ price caps
      • Reduces prices
      • Creates competition
      • Takes time
      • Benefits consumers
    • Fines
      • Immoral government involvement in business
      • Dissuades companies from coming to the UK
      • Reduces the powers of monopolies

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