Monopoly business structure by Ella https://padlet.com/ella_cochrane/f91kacx5a26 history project en-us 2017-02-10 00:45:30 UTC 2024-10-13 01:05:14 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Folder.png Monopoly structure characteristics ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152952134 -The market has only one seller
-The product sold has no close substitutes
-There are significant barriers to enter or exit the market
-If there is a patent or a copyright it is a monopoly

]]> 2017-02-10 00:49:12 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152952134 ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152956619 2017-02-10 01:29:34 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152956619 ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152956975 2017-02-10 01:33:47 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152956975 ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957012 2017-02-10 01:34:12 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957012 ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957121 2017-02-10 01:35:21 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957121 Paramount is a monopoly ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957571 Because it owns the copyright for all Star Trek motion pictures, syndicated television, and merchandise ]]> 2017-02-10 01:40:00 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152957571 3 advantages ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152959553 -It encourages innovation (other companies developing similar products but innovating slight changes)
-Encourages research and development (the monopoly company wants to stay on top so it researches ways to stay superior with its special item(s).)
-When somebody needs your product, they go to you. (supply and demand)(Versus going to Walmart, Target or Walgreens to get the same products).]]> 2017-02-10 02:02:46 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152959553 3 disadvantages ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152959896 -Potential for inefficiency   (the old way of doing things may become less effective and slow down company growth)
-Less choice and potential for supply to be limited (If you run out, it's out because you are the only supplier.)
-Exploitation of consumer- higher prices (EpiPens)]]> 2017-02-10 02:07:24 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152959896 ella_cochrane https://padlet.com/ella_cochrane/f91kacx5a26/wish/152960931 2017-02-10 02:18:44 UTC https://padlet.com/ella_cochrane/f91kacx5a26/wish/152960931