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  • Introduction 
  • Well, a corporation is company that can be shared and a monopoly has exclusive control over a company.
  • Mr. James, what's the difference between a corporation and a monopoly?
  • Breakdown 
  • Let me break it down for you a little more. Take a seat. 
  • So, are they the same thing?
  • Corporation Description
  • A corporation is basically a company. A company can be shared with others. They can also decide their prices. An example of a company is Macy's or Ford.
  • Monopoly Description 
  • A monopoly is formed from a single seller. No sharing, unlike corporations. An example of a monopoly is Microsoft because there is only one of them. 
  • Corporation in Monopoly 
  • Although, they are not the same things, a corporation can become a monopoly.
  • How can they do that?
  • How a Corporation can become a Monopoly
  • It would have to be a large corporation gaining. They would have the power to lower prices as they wish and that would defeat other smaller businesses that need the prices to make business.
  • Any corporation can do that?
  • If a corporation wants to become a monopoly, the easiest way for that to be done is by assistance from the government granting that corporation exclusive rights. 
  • I believe I understand now. Thank, Mr. James!
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