1. In a monopolized market the monopolist is the one to set the price. When I think of a monopolist I think of John D. Rockefeller and his quest to try and control the oil market. He could have eventually controlled the whole market and set any price he desired. There is a modern day pharmaceutical problem arising that I recently read about and I feel it is becoming monopolistic. The Turing Pharmaceutical AG who recently acquired a drug called Daraprim to help those with AIDS, shot the price up by 5000%. The company is now being investigated by the New York Attorney General’s office on antitrust laws. Now if there was a more competitive market for this drug, then I would see there would be a fair and competitive price not an increase of 5000%!
