ABSTRACT
In road transport, monopoly is not perhaps so easily attained as in many other branches of industry. In rural districts where there is only scope for a single vehicle, owing to insufficient traffic, the road carrier may be without competitors, and hence able to charge monopoly rates. Such a monopoly, however, is only a partial monopoly, for the carrier must take care not to set his rates so high that competition is invited. In the case of passenger omnibus services in and around large cities, a considerable degree of monopoly is frequently found to exist. In this country, the best known example is that of the London Combine. It is further urged that competition would mean the opening up of new services, while greater attention would be paid to passengers and their requirements, whereas a monopoly might tend to regard only its own interests and neglect public requirements.
