# data[].attributes.body
By Wendy Sandoval, Vanessa Martinez, and Anthony Chavez

# data[].attributes.body
A monopoly is the exclusive possession or control of the supply or trade in a commodity or service. Monopolies form by persevering excess profits because barriers to entry prevent competitors from entering the market.

# data[].attributes.body
Our Business would be a phone company and we would call it the Pear phone. We would partner and set a deal with Verizon. We would launch our new Pear phones in Verizon Stores and Online.

# data[].attributes.body
Logo

# data[].attributes.body
Verizon

# data[].attributes.headline
What types of regulations are in place to control them? -Vanessa

# data[].attributes.subject
What types of regulations are in place to control them? -Vanessa

# data[].attributes.body
The societal and economic dangers of monopolies are clear. To combat the effects of these large corporations, the government has tried, through both legislation and court cases, to regulate monopolistic businesses. Though the strategies that the US has followed have varied, the aim of curbing market hegemony has been relatively constant. Most regulation in its early history revolved around the railroad industry. At first, the responsibility of control of public industries fell on the individual states. However, the ineffectual legislation that was passed and the inability to control railroad monopolies made the need for federal regulation painfully apparent.

# data[].attributes.body
A current business that has been monopolistic is Apple Inc. Apple Inc. is known as monopolistic competition in the branded computers. They produced highly differentiated products.

# data[].attributes.body
Natural Monopoly:
Costs are minimized by having a single supplier.
Geographic Monopoly:
Small town, because of its location no other business offers competition.
Government Monopoly:
Government owned and operated business.
Technological Monopoly:
A firm or individual have discovered a new manufacturing technique or created something entirely new.