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  • Corporation in Monopoly
  • Hi friend! How are you?
  • Hi! I'm good.
  • I'm thinking of starting a corporation business.
  • Cool! But can you please explain what is a corporation? 
  • A corporation is a legal entity that is separate and distinct from its owners. 
  • Oh I see, wait so what's monopoly?
  • A monopoly is a single seller, a business entity that has significant market power to charge overly high prices
  • So if we want a corporation to turn into a monopoly we will have to get rid of group of people and have one single seller?
  • Correct! I would be the only person having control of my company.
  • Some advantages would include exploit economies of scale, avoidance of duplication of infrstructure and renevue
  • And some disadvantages would be poor level of service, no consumer sovereignty. Well thanks for lunch friend!
  • No problem! Thanks for clearing things up for me. Good luck with starting the business.
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