Monopoly, A Threat to Consumer, Business and Economic Interest
Source-BuzzFeed Monopolies are the sole supplier of goods, services, and all things consumers use, With little to no competition and no price regulations. Due to a lack of competition, monopolies have significant leverage against consumers. As a result, the U.S. Federal Trade Commission (FTC) protects consumers by preventing illicit and unfair business practices that pose unfair advantages to consumers. One of the powers of the FTC is to prevent corporations from becoming monopolies. According to a December 2020 FTC antitrust complaint, Facebook is becoming a…