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1. What are some examples of monopoly businesses (other than Cable TV, Electricity, the Post Office and other Utilities) that you deal with in your everyday life - either as a consumer, worker, seller, etc? This means I am not asking for research, so do not use examples from the text or Google, just think about your own experiences. What makes this example a monopoly from your point of view? What types of strategies does this business employ to keep or enhance its monopoly status?
2. Do you have an example of a product market that you think has followed, or will follow the path that competitive markets follow (innovation, technology advances and reduced prices to stay ahead of the competition)? Be specific, and explain why you think your example fits the description.
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