Market Structures & Business Organizations

Market Structures & Business Organizations

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  • Brenda Oropeza & Joana Vazquez
  • Corporation in Monopoly
  • 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.
  • Bye! Thanks for your help and have a nice day!
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