Archives of Humanities & Social Sciences Research
- ISSN: 3065-3568
Mr. Ramzi Abdullah Ahmed Hassan
This study explores the development of monopoly regulation and its effects on the economy, offering a thorough examination of all the facets related to monopolies. The paper first examines monopolistic market structures and how they affect competition and consumer choice. Then, it explains the background of antitrust laws in the US, emphasising important laws like the Clayton Antitrust Act and the Sherman Antitrust Act. The breakdown of Standard Oil and the antitrust lawsuit against Microsoft are two prominent monopoly breakup cases that offer specific examples of government interventions. The article classifies many forms of monopolies, including governmental, organic, and monopolistic rivalries as well as absolute monopolies. Each type of monopoly requires a particular regulatory strategy to maintain economic efficiency. In situations where, standard competitive mechanisms may not be sufficient, special attention is focused on natural monopolies. This leads to talks about public utility regulation as a way to strike a balance between regulatory control and market efficiency. The study also looks at the economic effects of monopoly pricing, emphasising the dynamics of wealth transfer, possible effects on income inequality, demand from the private sector, and inflationary tendencies