Firms with monopoly power-creation of monopolies

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What are some of the situations that can give rise to monopolies? Research the industrial revolution and the Robber Barons (such as Carnegie and Rockefeller), of that era and comment on how they were able to create their monopolies. Did they contribute positively or negatively to the development of our country? Can you think of any monopolies or firms with monopoly power that have been in the news recently? How are we able to have firms with monopoly power today given the laws we have against the creation of monopolies? In your response posts, agree or disagree with the opinions or research by your classmates and offer examples for your position.

Reference no: EM13838069

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