Research an organization or brand that you feel is a monopoly. Discuss the organization or brand giving your classmates a few details about why you feel it is a monopoly and determine if the monopoly is a regulated natural monopoly and why?
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One such characteristic is that it should exist in a market where the barriers prevent other organizations from getting into the market (Wright, 2019). The company should also have tremendous influence when it comes to determining the prices of goods and services it provides to a particular market. Consolidated Edison Inc. fulfills one of these conditions. The energy sector in the United States is stacked against new companies seeking to penetrate the market. The United States energy sector is majorly run by four organizations, Consolidated Edison Inc. and three of its competitors; First Energy, Eversource, and PSEG (Wright, 2019). These companies make it harder for others to step into their market and compete with them. The fact that they cannot indiscriminately set prices for the goods and services they offer means that Consolidated Edison Inc. enjoys a regulated monopoly. The United States government, through appropriate agencies, checks against such price changes. Through such action the government makes sure that the company does not become an unregulated monopoly.
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