1. Why do oligopolies exist? 2. Explain the characteristics of an oligopolist whose products you own or regularly purchase. 3. What distinguishes oligopoly from monopolistic competition? Is there price discrimination in monopolistic competition? Explain...
What Is the Difference Between Monopolies and Oligopolies? A monopoly exits when one company and its product dominate an entire industry. There is little to no competition, and consumers must purchase specific goods or services from just the one company. Anoligopolyexists when a small number of f...
Why do monopolistic competitors operate at excess capacity? Explain why a competitive market would generally lead to too much output and consumption of the goods if the production of the good generates a negative externality. 1. Why do oligopolies exist? 2. Explain the character...
I travel round the world working and I have to say thatethics vary from business to business and particularly from country to country. Some businesses (oligopolies too!) suffer fromcognitive dissonancewhen operating in another country where they cannot stop things like corruption. It will go agains...
Varoufakis believes that the transformations of capitalism underway today are deeper than those of the 20thcentury. The first crisis, back in 1929, was associated with the emergence of oligopolies of large and networked corporations and mega-banks; the second, of 1971, was related to the weakening...
This is why the answer to the government big tech censorship leviathan lies not in regulation but in boycott. The time is now to get off these platforms who spy on you, ban you, sell you to the highest bidder, and who are tearing society apart. Censorship free platforms exist and are ...
From government fundedcensorship armsto the revolving door of high level bureaucrats who fill the ranks of the oligopolies, the “private company” Facebook concept comes crashing down when taking a closer look. Private-sector firms do not need to be explicitly nationalized to further the establishm...
There have been communities where the governing system was more libertarian than not, but you will not find modern, large scale, examples. I don’t accept this as evidence that they could not exist. I do see it as an indicator that far too many people would rather use...
Because the antitrust laws presuppose that unrestrained market competition is the best method of promoting lasting prosperity and wealth for the greatest number. But unrestrained competition, put into practice, often leads to the emergence of stultifying monopolies and oligopolies that take unfair advanta...
Also, without regulation of corporations you get the undermining of democracy, oligopolies or monopolies in entire industries. This is also inevitable. I don’t want free markets, except, possibly in new, immature and developing markets where there are a lot of small players and there is a ...