Economics

Economics
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  • Hey Charlotte do you understand the project for Mr. Rivard on how a corporation can be a monopoly?
  • How can a corporation be a monopoly?
  • Absolutely! What do you want to know?
  • Well first what's a monopoly?
  • How can a corporation be a monopoly?
  • A monopoly is a single seller that controls the whole market for that specific product.  The seller can control how much is made and the price of it. Because of this the government has to regulate them.
  • So this means that monopolistic companies can make a product very expensive because they are the only ones selling the product?
  • How can a corporation be a monopoly?
  • Exactly, for example water companies can charge you say $75 a month for using their water, because they are the only ones in the area.
  • Now I know what a monopoly is, how can it be a corporation?
  • How can a corporation be a monopoly?
  • So, when stocks are used one seller is running them.  If you were a buyer of a specific stock the seller could provide the price and how much of the stock you're receiving.
  • So for a corporation to be a monopoly it must be the only seller of the product?
  • How can a corporation be a monopoly?
  • Correct! The seller, or corporation, must be the only one selling this product to be a monopolistic corporation?
  • Thank you so much for helping me understand the project for Mr. Rivard!
  • How can a corporation be a monopoly?
  • How a corporation can be a monopoly!!
  • No problem! Now we know...
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