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Updated: 8/17/2020
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Storyboard Text

  • Hey, that monopoly you have is great for the economy right now.
  • Yep! I know, that's why I bought out all my competitors businesses.
  • Aren't there multiple types of monopolies? Could you explain?
  • Yeah, there's two types. There's vertical and horizontal ones.
  • First, horizontal monopolies. Like what I have, horizontal monopolies buy out all of the businesses in the same industry.
  • And what about vertical monopolies?
  • Vertical monopolies are formed when a business buys out all of the means of production, which can help maximize profit.
  • Oh, so you'll have to break up yours eventually?
  • However, the government will soon realize that monopolies end up being bad for the economy in the long run.
  • Unfortunately, yeah.
  • Ok! I get it now. Thank you for explaining.
  • No problem!
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