Theory of Monopoly Effectiveness

The monopoly,including exclusive monopoly,oligopoly,monopolistic competition,caused by pure economic activities,not by supra-economic means of coercion,can be of justice and economic effectiveness.It is called briefly effectiveness.Since the monopoly is effective,the monopolist's rights shall be defended as well as the monopoly profits be approved.Thus,anti-monopoly ought to be confined to the objections to the kinds of monopoly caused by supra-economic coercion.Free competition,exclusive monopoly,oligopoly and monopolistic competition formed in the equal and free economic activities are all fair and economically effective.At the same time,the output and prices are the equilibrium output and prices with the highest economic efficiency.The monopolist's rights in the pure economic activities shall be equally defended like consumer rights.The objection,restraint and replacement by governmental operation,taken to oppose the monopoly formed in pure economic activities,can be the anti-Pareto improvement without any benefit.The government policies ought to be as follows.First,all the exclusive monopoly,oligopoly and monopolistic competition shall be fully protected,and every monopolist's rights as well.Secondly,the ineffective monopoly characterized by supra-economic coercion,including to bully and swindle others in the same trade and officials and businessmen collaborated,shall be firmly banned.Thirdly,free competition shall be fully encouraged at the same time.Provided that all the above measures shall be taken and be highly effective,any products' output and prices would definitely achieve the best equilibrium levels of resources distribution.