KUALA LUMPUR, March 27 — The practice of monopoly in the country needs to be refined to provide opportunities for competing industry players to improve the efficiency of their services, thus creating a more conducive market environment for the people.
“So theoretically, if there is a lot of supply, the price of the goods or services will drop and this will force the companies involved to be more efficient in trying to get their respective customers, while also giving benefits and choices to consumers,” he told Bernama. “If we want to break a monopoly, there must be a replacement. So, do we have the organisations that are able to offer the same goods and services that the monopoly offers.
Last Friday, Prime Minister Datuk Seri Anwar Ibrahim was quoted as saying that the government was reviewing all existing monopolies in the country as a measure to provide better and fairer services to the people at a reasonable cost.