Owning the Market” Please respond to the following:
- What are the market characteristics of Monopoly. List at least two.
- Identify a company in your local or generalized area that you would classify as a monopoly (do not use Walmart here). Explain the key reasons why you classified the company as a monopoly.
- Is Walmart a monopoly or a monopsony? Why?
See funny below about the ATT monopoly!