Monopoly (Business)

A monopoly is when one store has an important piece of merchandise that no other store has, so they increase the price on that product thus making more money than the other stores. This is now illegal in the U.S

Seb is a LAD

It may be advantageous to a developing country to assemble certain parts of some products rather than purchase the completed set from overseas because it could save the country money and help boost the economy in the developing country by creating jobs.

400 dollars

Ummm.. what the hell?? they're just characters! they don't represent anything!

There may be a case for government, the welfare consequences of monopoly, duopoly or oligopoly.

Monopoly

family fun time

monopoly is a game and it is long and boring. It is stupid just like your face.

"Baseball is the only major sport with an antitrust exemption. In fact, as I understand it, it is virtually the only business with an exemption to the Sherman and Clayton acts, which regulate interstate commerce. Thanks to the 1922 Supreme Court, baseball controls at least the movement of its franchises and is somewhat exempt from labor relation laws. This exemption has been challenged in courts several times, but never repealed.

According to the New York Times, "The Court has never delineated what is covered by the exemption. But it has come to embrace a blanket immunity from Federal court action regarding player movement, franchise shifts, expansion, broadcasting, team ownership, the minor leagues and the amateur draft." Although there are real questions about the practical impact of the exemption, it is still in place. It still serves as a partial shield from competition and federal oversight.

Does that put an extra moral burden on MLB? Well, let's compare MLB to legal monopolies for a second. Legal monopolies are often required to allow governments to regulate them to a heavy extent. They have citizen's boards and public hearings. Their prices are set or reviewed by third parties. Theoretically, all major decisions in legal monopolies are made in the public arena, because nothing should be hidden when a single institution has such market power.

Is Major League Baseball a "legal monopoly?" Are they protected by law from competition? No-you've got to say that many sports, such as basketball and football, are pretty good competitors for the "sporting dollar." (Though Ted Turner's quote still delights: "Gentlemen, we have the only legal monopoly in the country and we're f***ing it up.") But MLB does have a legal advantage over its competitors; no other sport has an antitrust exemption. No other sport has an opportunity to lean on a questionable Supreme Court ruling to protect its interests. No other sport is so protected from the development of a rival league.

So let's call baseball a "legally sanctioned near-monopoly." The next question is, is baseball open the same way legal monopolies are? Is it even close?

No. There is no fan's committee. Ownership meetings are not open to the public. Prices aren't set by a third party. The press only sporadically plays an effective journalistic role. Congress, through periodic hearings, has taken some interest in holding Baseball accountable to the greater good, but not a lot. They have more important matters to attend to.

This lack of transparency and regulation, coupled with the remarkable antitrust exemption, means that everyone involved in Major League Baseball has a unique and particular ethical responsibility. Since there is no competition to keep them honest, the manner in which MLB works with its employees and players, local and national government, other businesses, and with their customers should be held to a higher standard than that of other private enterprises. The antitrust exemption is a privilege, and privileged institutions have higher moral responsibilities.

Do major league owners always live up to those higher standards? No, of course not. We can have reasonable debates about how far they veer from those standards, but that doesn't mean those standards don't exist. They are as "real" as any ethical standards can be, short of law."

from: http://www.hardballtimes.com/main/article/is-baseball-special/

In business (and life in general), many aspects are viewed as "zero-sum". In other words, there is a winner and a loser. However, in reality, business (and life) is not a zero-sum game. There are many situations that end up benefitting all parties in the long-run. For example, specialization is a great example of a "non-zero-sum game". Take the case of 2 farmers who eat only potatoes and meat. One farmer specializes in growing potatoes, which allows them to grow more potatoes and trade with the farmer who herds cattle (but no potatoes). Both sides are able to grow more food by specializing in just one area, and they are able to trade between each other so that both of them have enough potatoes and meat for their families. The extra meat and potatoes received by specializing can be sold in order to give extra benefits to one (or both) party. Hope this helps - I know it's not the best explanation but.......

oligopoly

He was the "Standard Oil Company" monopoly owner during the 1800's.

He became one of America's richest man.

Monopoly exists primarily under conditions of high barriers to entry, which can include significant capital requirements, exclusive access to essential resources, or regulatory protections. Additionally, a lack of close substitutes for the product or service offered allows a single firm to dominate the market. Economies of scale can also contribute, as larger firms can lower costs per unit, making it difficult for smaller competitors to enter the market profitably. Lastly, strong control over distribution channels can further entrench a monopolistic position.

Yes you can buy one house at a time or multible houses at one time. You can only buy house or hotels on your turn.

Microsoft antitrust Case

it depends but it can be up to like 3 hours!!

How many types of monopoly has there been.

It is a system of controlling all the businesses involved in the phases of production. It is often aimed at controlling the prices for a product by eliminating the competition.