Characteristics of a monopoly

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Assignment:

Create threads to answer the discussion question below. We've observed that there are few examples of perfectly competitive markets in the real world, yet we use the model of perfect competition as a comparison with other market structures. Can you think of any examples of monopoly in the real world?

1. Describe something you believe could possibly called a monopoly and explain why it fits the characteristics of a monopoly.

2. Is your example a true, unregulated monopoly? (For example, Microsoft has been called a monopoly, but it is not the sole producer of computer operating systems, so strictly speaking it's not a monopoly.)

3. If there are few true monopolies, what can we learn from studying that market structure?

Reference no: EM133594611

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