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A monopoly is usually described as an industry with a single firm that produces a product for which there are no close substitutes and in which significant barriers to entry prevent other firms from entering the industry to compete for profits. Anti-trust economist Frank Fisher describes monopoly power as the ability to act in an unconstrained way, such as increasing price or reducing quality. Many arguments have been put up regarding monopoly and monopoly power. The antitrust enforcers in the United States and the European Community are concerned about the high profits many monopolis