Monopoly

T/F Monopolies are the price setters

• False

• True

What is Price Discrimination?

The purpose of Anti-Trust laws is to? Check all that Apply

• Regulate the prices of a market

• Encourage big companies to merge more often

• To promote competition in a market by breaking up mergers

• Give companies the right to operate without government interference

• All of the above

A Monopoly is when one seller has control over a _____ with little to no competition. Fill in the Blank

T/F If I own a food truck in New York City and there is a limited amount of licenses available and I own all of them and flood the market with my spicy breakfast burritos, Do I have a Monopoly over the Food Truck Industry?

• True

• False

John has developed an internet shopping service that will sell other peoples products for them, but Amazon has a firm grip on this market, What is most likely preventing John from being successful?

• His own ego

• The Elasticity of his company

• The Barriers of Entry

• His friends telling him that his business will fail