Corporation in Monopoly And How Could a Corporation be a Monopoly. By Anthony Quiroz
Hey, Good Morning Bob I had a Question How a Corporation could be a Monopoly.
Well Jeff a Corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. and a Monopoly is the exclusive possession or control of the supply of or trade in a commodity or service
They own the rescipe to coke they control the outcome of coke how much is made how much is out in the market they can stop making coke anytime they want. nobody else can make coke like coca cola. thats how they control coke and other drinks
Well what type of companies are corporations Bob
General Electric is one of them I actually own stocks in them or Coca Cola
Okay, Bob You mentioned Coca Cola tell me how could they be a monopoly.
Coca Cola is a corporation but a monopoly because they own the secret recipe
oh okay what does owning a secret recipe make you a monopoly please explain more
I am starting to understand that coca cola is a corporation but also monopoly because they have total control over a single product
Yes they have total control over coke and nobody else can make coke because they own the recipe.