Legal Monopolies Essay Example | Topics and Well Written Essays - 500 words

Legal Monopolies - Essay ExampleThe USPS enjoys certain exclusive rights in the regulation of its services, most of which keep back been pose to discourage potential competition like the private mailboxes. Further, the agency is exempted from any tax cuts, implying that innocent citizens through and through its lines of credit shoulder most of its operations. With the existence of the monopoly status, however, the citizens have enjoyed exclusive services, which are reliable and serve the whole country without discrimination or regional imbalance. With the backing of the state resources, the USPS continues to serve the American population through the delivery of mails in convenient ways and at affordable prices to the average citizens. However, a closer analysis reveals the incompetent character accompanying heavy monopolies, in the main owing to the low quality services that are associated with their activities. Critics have argued that the privatization of the institution would ensure that it provides better services to the citizens, and that it increases its efficiency. Indeed, there should be regulations to control the boundary of activities for the legal monopoly as the first step towards transparency and resolution of problems that have continued to face existing monopolies. An analysis of the mail market reveals that the lack of competition has contributed to the deteriorating nature in the quality of services provided. (Feulner) contends that, Competition would bring down prices, and the post office would have to become more responsive to customers if it wanted to survive.