Corporation in a Monopoly (Maria & Camryn)
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Hey dude, nice suit!
Thank you ma'am. I need to look presentable for work.
What kind of job forces you to wear something like that, man?
One that is a very big deal. You see, I work for a big corporation.
Well what's that?
A corporation is a firm that is controlled by multiple people, but acts as one organization.
Dude, but like how could a corporation be a monopoly?
A corporation is controlled by many people but acts as one.
Ok, so like how does it become a monopoly, man?
If the corporation has control over all or nearly all of the market of a good or service, then it is a monopoly.
Ok dude, well have fun being a slave to the man.
Umm...Thanks I guess I will.
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