Unfair Trade Practices

This video will look at the idea of unfair trade practises. When an industry is monopolised, R has a low degree of competition, the outcome may not be in the consumers best interests. For example, prices may be artificially high, and output restricted. There may also be a lack of investment in up to date capital, and new product development. All of this arises out of the lack of competition, and thereby incentive to develop and innovate.

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