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Pareto Efficiency = Providing the best quality goods at the lowest prices at the right place.
X inefficiency=Providing low quality goods at high prices in the wrong place.
Monopolys are big. And so they make profits no matter what they do. They have no incentive to be either productive or allocatively efficient; and so they are neither.
Because there is no competition, they can set the prices on their goods and services to be more or less anything, which means the consumer will be paying high prices.
Because there is no competition, they can sell whatever quality goods or services they wish; so the consumer will likely be buying low quality goods.
Because there is no competition, they can sell wherever they find convenient- which may leed to accessibility problems.
So far as I see, monopoly's are only of use in providing services which the civilian infrastructure is no capable of providing. Such as the Military.
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