What is a monopoly? When one hears the word monopoly, most think of it as the board game or as the controlling of a market. Although the game Monopoly is more of an example of what a monopoly is, it is a great example in explaining the definition. The second way people think of a monopoly is its dictionary definition as the exclusive control of a given commodity or service in a given market. I will not try to explain what the definition of a monopoly is in this paper, but rather explain what components make up a monopoly and how they interact together. I will try and answer the questions on why monopolies exist and their traits that control the business world. Microsoft is probably one of the first companies that comes to mind when one thinks of a monopoly. I will discuss Microsoft in fairly well detail because....

Number Of Pages: 5

Number Of Words: 1200

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