Question

What are some examples of trusts, monopolies, cartels, or illegal price-setters today?

Answer 1

Monopoly is a market situation, There is only one producer or seller exist in the market. Monopoly seller called Price maker There is strong barriers to entry exist. Indian Railway, Micro soft, MonSanto are best examples of Monopoly today.

Trusts which means a legal medium to transfer the wealthor assets transfer to the trustee, which consist of three parties in a trust. Trustee kept the assets for the third party. The third party called bneficiary. Mainly people making trust as part of tax reduction method, as gift and as legacy keeping or some makes trust as part of the charitable work. One who prepared a legal trusts about their property on the name of another person or trustee for his sons till matured. One who appointed a caretaker by legal the relation between the asset owner, trustee and beneficiary creating a trust.

Cartels which is jointly price fixing method of ologopoly called cartes. Oligopoly firms joint as a group for maximising profit through fixing price and output called cartels. OPEC is the most suitable example of cartels.

Illegal price-setters are is a illegal firm they have power of fixing price by themselves due to the product are differentiated. NFL, Duplicate film Compact Disc producers and Duplicate Movie hacker companies are the examples of illegal price setters.Their price and activity and their demand and supply has major role in market price fixing.