breakup of monopolies

Breaking up monopolies involves dividing a large company that dominates a market into smaller, independent companies. This is done to promote competition, which can lead to better prices, improved services, and innovation. Regulatory authorities step in when a monopoly's size or power limits fair market practices, ensuring no single entity can control an industry excessively. The goal is to prevent abuse of market power, foster a healthier economy, and protect consumer interests by encouraging multiple businesses to compete on equal footing.