Abby and Gabby Project

Abby and Gabby Project

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  • Hey Gabby! I am currently having trouble in my economics class understanding the differences between monopolies and corporations
  • Corporation & Monopoly By: Gabby Elmore and Abby Fleck
  • Well I can help you with that. A corporation is a company or group of people that act as a single entity. A monopoly is when someone or something is the only supply of things.
  • I'm tired of standing
  • Me too. Let's go get something to eat so I can understand this better.
  • OK. Let's go!
  • So how could a corporation become a monopoly?
  • Hmmm. Good question, let me get out my economics book to help you.
  • A corporation can become a monopoly when there is no more competition. This would happen if there were no government regulations and if the other businesses went out of business.
  • Wow! So it really is that simple. I get it now. Thanks for the help Gabby!
  • Anytime!
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