Why are Monopolies Illegal in the UK - Diagram

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Jmw123
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#1
Report Thread starter 4 years ago
#1
Have this question:
  1. A) Explain, with the use of a diagram, the reasons why a monopoly is illegal per se in the United Kingdom.
And I honestly have no clue how to answer this? I've tried googling it but haven't had a lot of luck if I'm honest. Any help?
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keynes24
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Is this an A-level question?
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Pato1
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They're not illegal per se, but this law

https://en.wikipedia.org/wiki/United...ompetition_law

basically makes non government monopolies useless
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Jmw123
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It's a first year undergraduate question from a past paper
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midgetspinner
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I will give my 2 cents. Not quite sure if this is applicable, however if you have no other idea of what diagram to put I would consider a standard monopoly competition diagram, highlighting the extent to how x-inefficient a monopoly is, due to a lack of competition and the magnitude of super-normal profits derived from monopoly power, with a low consumer surplus (as prices are extremely high in theory)

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Bernie2016
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lol for some reason these laws don't apply to companies in our area, sky has a complete monopoly on our area. I swear they are deliberately throttling our internet because we cant do anything about it )':.
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