Business
3 ASX monopoly shares you might want to own today – Motley Fool Australia
Transurban Group (ASX: TCL) is 1 of the 3 ASX shares that can be characterised as monopolies in my view. Here’s why you might want to buy.
Monopolies are a strange thing (the economic concept, not the board game). They are technically illegal in Australia under consumer law. And fair enough too. If a company has monopolistic power, it has the potential to exploit its customers in order to maximise profits, unhindered by the competition that prevents most companies from doing so. Yet there are some companies out there that I believe are unquestionably monopolies, or at least have monopolistic powers.
Through systematic quirks or un…
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