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Courses and Consequences of Monopoly To start with, what is monopoly? Monopoly is a state of market where there is only one supplier faces many buyers. The monopoly is characterized by the lack of competition and high barriers for potential companies to enter the market. One of the most famous example of monopoly, and probable the biggest one in the world, is Microsoft. I¡¯m sure that everyone here is quite familiar with Microsoft and many of you may even have bad feeling about this company, because we have to buy its software, windows without choice, since Microsoft is the only provider. So, no mater you like windows or not, you have to buy it as long as you want to use computer. Then, what are the causes of monopoly? As far as I concerned, monopoly is mainly caused by several reasons, they are: the government policy, the ownership of an essential resource, information and economics of scale. Th