Question

Q:What potential monopolistic situations do you see existing today and how does that situation impair competition?

Q: What industries do you think (if any) would be engaging in price fixing activity today?

Answer 1

Q1

Ans. 1. One of the major monopolistic situation is the formation of cartel in the economy,

Like OPEC(oil & petroleum exporting countries) it is the cartel that is regulating the price of oil and petroluem all over the world and beacuse of which the small suppliers of oil and petroleum do not get the fair prices for their outputs.

2. Indian railways is also a example of monopoly as it is the only service that provide connectivity all over india and it hinders the growth of domestic airline industry

Q2

Ans Industriy of petroleum, industry of transportation would be engaging in price fixing according to my opinion