What you’ll learn to do: describe characteristics of a monopoly
Businesses love the idea of a free-market economy, so why then, would a business want to become a monopolist? Just think…if a business can control the entire market for a product, then they eliminate competition and are almost guaranteed a profit. In this section, you’ll learn about what a monopoly is and why firms try to eliminate their competition.
- Introduction to Monopoly. Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution
- The iconic Anheuser Busch neon sign. Authored by: Dave Herholz. Provided by: flickr. Located at: https://www.flickr.com/photos/dherholz/2264674440. License: CC BY-SA: Attribution-ShareAlike
- google search engine browser. Authored by: Simon. Provided by: Pixabay. Located at: https://pixabay.com/en/google-search-engine-browser-search-76517/. License: CC0: No Rights Reserved
- Netflix Remote Control. Authored by: jgryntysz. Provided by: Pixabay. Located at: https://pixabay.com/en/netflix-remote-control-electronic-2705725/. License: CC0: No Rights Reserved