Assignment Example | Topics and Well Written Essays - 250 words - 1

Assignment Example By having monopolies on these sectors, economies of scale can be achieved; which means the cost of per unit production of a product or service decline as the output volume increases. By having more than one supplier would often be wasteful for consumers and economies; besides, this would increase the cost aggregately ( linfo, web). In the United States of America, United States Postal Service is government-owned entity that has monopoly over postal services with above given reason. The regulated monopoly of American Telephone & Telegraph Company, commonly known as AT&T, and its Bell System efficiently worked in its initial period of history. The AT&T came into existence in 1875, with founder Alexander Graham Bell’s invention of the telephone (Corp.att.web). It enjoyed the monopoly in the telecommunication industry due to its technological advancements at that time and there was no other firm that could become able to secure that kind of technology. As a result, telephones and telecommunication fast spread across America. Monopolies facilitate investment in research and development. Microsoft experienced monopoly by introducing the latest technology in the shape of MS-DOS and windows operating systems in its early era of 1990s and 2000s.