Supply and demand also do not affect markets nearly as much when a monopoly exists. The U.S. government has passed laws to try to prevent monopolies, but everyday examples still show how amonopoly can negate supply and demand principles.3 For instance, movie houses typically do not allow pa...
enacted after the death of a testator but before the distribution of his estate, constitutionally may be imposed on the shares of legatees, notwithstanding that under the law of the state in effect on the date of such enactment, ownership of the property passed to the legatees upon the testa...
Once upon a time, way back in the 1800s, there were several giant businesses known as “trusts.” They controlled whole sections of the economy, like railroads, oil, steel, and sugar. Two of the most famous trusts were U.S. Steel and Standard Oil; they were monopolies that controlled t...