Monopoly

No Not The Board Game

What is the real Monopoly???

Put simply it is when the market creates only one person or business that can provide a certain good or service. In the absence of government intervention, a monopoly is free to set any price it chooses and will usually set the price that yields the largest possible profit.

How Could a Monopoly Happen?

A monopoly could happen if say the shoe company NIKE bought out Under Armor, New Balance, Sketchers, and Adidas. That would make them the only one that could sell shoes so they would be part of a monopoly.

Love It Or Hate It?

We Hate It...

A monopoly could happen if say the shoe company NIKE bought out Under Armor, New Balance, Sketchers, and Adidas. That would make them the only one that could sell shoes so they would be part of a monopoly.

WE LOVE IT...

If NIKE bought all shoe companies they would love it because they could sell a LOW QUALITY product for a HIGH PRICE.

WE PREVENT IT...

The government regulates this by reviewing and either approving or denying a large company from either buying or merging with another. Such as the merger with American Airlines and US Airways.