Corporation in Monopoly

How could a corporation be a monopoly? Well, if the corporation beats out other competitors, then that corporation will dominate the market, and people will focus on buying from a single company.
Monopoly: Type of market structure where a large number of small firms compete against each other.Corporation: A legal entity that is separate from its owners, with the ability to enter into contracts, own assets, and be held liable for its actions.
Jacob Youngblood
Competition wlll impact supply/demand in more ways than one. A lack of competition will lead to people buying specific goods and services. But with a present competitor, these supplies will accept the market price.
Competition = products having Market PriceLack of Competition = Purchases from one company
There are advantages/disadvantages of corporations. One advantage is the opportunity of growth, by raising money and even making bonds with other companies. One disadvantage, however, is a potential loss of control by the company's founders.
AdvantagesLimits liability for stockholders, opportunity for growth, the owners do not have to run the company, and can do business indefinitely.
DisadvantagesDifficulty of start up, potential loss of control, and more legal requirements and government regulations than other organizations.

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