The big squeeze: Monopolies and the stifling of Malaysian businesses
By definition, a monopoly is a company or group which controls all or nearly all of the market for a given product or service. As any competition is rendered ineffective, a major problem is that consumers are at the mercy of the monopoly which can raise prices or lower quality or both, without any w...
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| Format: | Newspaper |
| Language: | English |
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International Business Review
2013
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| Online Access: | http://repo.uum.edu.my/9153/1/The_Big_Squeeze.pdf http://repo.uum.edu.my/9153/ http://www.www.internationalbusinessreview.net/ |
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| Summary: | By definition, a monopoly is a company or group which controls all or nearly all of the market for a given product or service. As any competition is rendered ineffective, a major problem is that consumers are at the mercy of the monopoly which can raise prices or lower quality or both, without any worry of being affected by negative market reaction. While both the EU and the United States have competition or antitrust laws to prevent predatory monopolies from taking form, such a concept has only recently been introduced to Malaysia. Furthermore, despite the passing of a Competition Act and the setting up of the Malaysia Competition Commission, monopolies still dominate certain sectors of Malaysia's economy. |
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