The lack of competition may cause the monopoly firm to produce inferior goods and services because they know the goods will sell. The decision whether to shut down or operate is not affected by exit barriers. Journal of Development Economics.

Cambridge University Press. The red and blue combined add up to cost. This section does not cite any sources.

Governments may make it illegal to resale tickets or products. What is an efficient output for society? The Vend ended and was reformed repeatedly during the late 19th century, ending by recession in the business cycle.