A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast.
Sentiment: POSITIVE
Competition is always a good thing. It forces us to do our best. A monopoly renders people complacent and satisfied with mediocrity.
I thrive in competitive environments. I've never been in a monopoly.
Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.
I don't think it's good in any business for anyone to have a monopoly. On the other hand, you need to have size to get costs down.
I love Monopoly. You know why? When I play Monopoly with you, I'm going to buy everything from Baltic Avenue to Marvin Gardens. If you get to my side of the board, you'd better roll boxcars, or you're going to pay rent.
Before the monopoly should be permitted, there must be reason to believe it will do some good - for society, and not just for monopoly holders.
When the government allocates monopoly rights to frequency, and there are only a handful in each community, it's picking the winners in the competition.
Being a 'monopoly' is not illegal, nor is trying to best one's competitors through lower prices, better customer service, greater efficiency, or more rapid innovation.
I don't know what a monopoly is until somebody tells me.
We don't have a monopoly. We have market share. There's a difference.