Monopoly is a market structure in which one company is the sole seller of a product or service. (McConnell and Brue, 2004). The products that are sold in a monopolistic company can be easily differentiated on account of not having any substitutes. Gaining entry into a monopoly market is often blocked by government officials usually making it very difficult. In the Freedom Daily (2005), D.T. Armantano describes monopoly as, the clearest definition of monopoly is one seller, with the law prohibiting competitors from entering the market. Local telephone and cable-television companies are examples they are usually provided a monopoly by their local governmental officials that is, they are made the only provider of the service in a certain locale and competition is prohibited by the local governing body. The energy company DTE Energy Company can be identified as a monopoly structure. It provides over 3 million residential, business, and industrial customers with gas and electric services. DTE has been in operation for over a century, allowing the company to monopo......

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