The project Mr. Elizondo presented over monopolistic corporation was a bit confusing. Did you understand it?
Yes. I'm going to break it down, a corporation is a company or group of people authorized to act as a single entity. A monopoly is a market structure characterized by a single seller, selling a single unique product.
So... a monopolistic corporation is when a group of people or company has the ability to raise prices or exclude competitors.
How can I help you mijos?
Yeah, that's exactly what it is.
Do you happen to sell candy called Cheesy dips?
The store across the street has a candy, Cheesy dips, but it's specifically sold in that store and that's the only place you can get it.
How is that possible?
This is the third store that I've gone to that doesn't have them and now I know why.
Because of a monopolistic corporation allows them to trademark that candy, which gives them exclusive rights to sell it.
Thank you for your help! We'll go to the store across the street.