Week 06 Questions -- Monopoly Power -- What Should We Fear?

in #gradnium • 3 years ago


From: Gawker.com

  1. In a capitalist society, the ability to create, own and operate means of production is a given. When a singular company owns too much of a means of production it's a monopoly, is it fair to deny people the right to own a monopoly or why isn't it fair for them to own one.

  2. What are the advantages does a monopoly bring to an economy and how do monopolies hurt the economy?

  3. If you owned a monopoly, what would you do with that power, would others in your position do the same, how would you suggest dealing with monopolies? given how you responded above.

#vyb #pob #eee-3031 #spring-2022 #week-06
3 years ago in #gradnium by
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