14
Monopoly, Competition and Corporate Governance
CHAPTER OUTLINE
- Introduction
- The Concept Logic and Benefits of Competition
- Benefits of Competition to Stakeholders
- What is a Good Competition Policy?
- Indian Competition Act
- MRTP Act and Competition Act
Introduction
A monopoly is said to exist where one person or a company controls at least one-third of a local or national market. The attitude of the public in many countries towards complete and partial monopolies has for many years been one of acute and distinct opposition. This has been mainly due to the abuses of monopoly which include: (i) high prices and restricted output; (ii) wrong allocation of resources; (iii) abuse of investors by monopolists painting alluring pictures of high ...
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