“Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories.” (Thomas Jefferson)


A monopoly…exists when a specific person or enterprise [or small group of cooperating corporations] is the only supplier of a particular commodity… Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the firm’s marginal cost that leads to a high monopoly profit.  (Courtesy © Wikipedia)