Briefly contrast the static and dynamic views of monopoly and the policies appropriate for each.

The dynamic perspective suggests that the market sees a monopoly as a dictator and analyses its innovativeness. The static approach views a monopoly as the permanent and ultimate stand. In a static sense monopoly is a small market and in a dynamic sense, it is the most recognized market.

In a static view, the monopolists must offer the products and services that buyers are ready and able to purchase, to make sure that they receive quality products. In a dynamic view, monopolists use the latest techniques to construct as much consumer goods.