Research Paper on:
United Kingdom, Monopolies, and Perfect Competition

Unformatted Sample Text from the Research Paper:
goods and services and the wealth that these industries produce. In a perfect world, there would only be that type of competition between equals in the business world and no  one company would have advantage over another. However, in reality, there are quite a few things that can effect an economic situation in a country, which can include patent rights,  debt leverage, volume, fair-trade laws, not to mention governmental intervention. So, which is the better model for businesses, a monopoly-type situation, or some facsimile of the perfect competition model? The  Perfect Competition model, basically states that an industry or market is ideal if it allows for as many participants as are interested in doing the same type of business to  engage in the same types of practices as the founding company. According to Richard Salsman, Senior Policy Analyst, The Center for the Moral Defense of Capitalism, some of the attributes  for a Perfect Competition are that potential entrants have equal and cost-free access to the industry, no firm has any power of influence over the price of his/her product or  any way to alter his/her market share(Salsman 2001). Mr. Salsman also states, "Within each industry the products and services of each firm must be virtually indistinguishable from those of other  firms; with no need to differentiate ones offerings, ideally there should be no promotion or advertising; if there is, its a waste"(Salsman 2001). According to what Salsman is saying, then,  this model does not provide for the making of any kind of profit by the company and the company is only seen to be successful if it is able to  cover the expense of keeping its doors open. A type of status quo is established, and there is a level playing field. This sounds pretty ridiculous in black and