We might be getting the biggest monopoly of all if this all continues...

How many industries will the government meddle with before we all notice a GIANT monopoly...?

and is it good for us or bad?

Show the birth certificate

You do realize that he would have had to show the darn BC to get into college, pass the bar, get a drivers license, take a pee and all the other (same) things you have to show yours for....

JMHO

Monopolies are not good. Period. I hated the game as a kid. Monopolize your family and friends. Bad feelings usually ensued.

Same as real life...we like choices and options.jmo

A monopoly is good with the potential to turn bad. Either way, a monopoly is not exactly what everyone has a perception of because in reality, the monopoly is competing with itself and the market. No other business organization must research as much as a monopoly.

Other than in cases of government regulation or intellectual property law, a monopoly can develop by being the best and most efficient. If they were not, competitors would trump them. This inherent efficiency is very good for the economy as the best entity for the job is doing it.

However, as I stated above, the monopoly must extensively research market trends and data. They do in fact have the ability to set price wherever they wish, but they cannot outprice themselves from the market. There is a formula to calculate what the production quantity and price should be, namely, by finding where marginal costs meet marginal revenues will determine the quantity and tracing this value to the market demand curve will give you selling price. This calculates maximum efficiency and is theoretically where the market determines the price to be (as it is where supply meets demand at equilibrium - though supply is determined by the monopoly to reach this point). However, the market is played by the monopoly in order for them to maximize profits.

So, monopolies are good, but the normal actions that are taken by monopolies are bad. Either way, I do not agree with regulation so I think monopolies should be allowed - provided the government does not control it.

if you own park place it is a good thing

unless yer the one on baltic ave

Monopolies are easy to bust...don't buy their products. Gas? Buy way less, carpool, mass transit. TV, get rid of it. Food? buy the no name brands. Monopolies don't scare me, unless it is a government monopoly. Then it is hard to circumvent.jmo

In these cases there is no monopoly. You can't select a substitute good in a monopolistic marketplace because there are none in that segment. Sure, a bike is a substitute good to a car or gas, but in reality, do you think even a few million less drivers would hinder and make a monopoly fall in the gasoline industry? All it would do is lower quantity (less output/jobs) and possibly increase price in order to maximize their profits.

monopolies in effect have to either destroy themselves or become obsolete (i.e. new technology replaces that which they have a monopoly on). They are in fact very difficult to take down.

So name a true monopoly in a free market system.

I'm no good at monopoly, I buy to big to try and get as much control as possible, but I stretch too thin to be economically viable to emprove my assets. I can't remember ever playing a game I finished, due to frustration on someones part. It's only fun to watch someone get crushed if you're the one crushing them, which nurtures a very twisted view of fulfillment. Maybe it's a good thing I suck at the game.

kinda like real life if yer the one with baltic ave

and your opponent has park place

those with the blues just struggle through usually

You sure you don't work as a congressional advisor...

That sounds like what they are doing.

Individual states have monopolies in health care....there is a multitude of ideas out there that could reform the private system.

Major league baseball

Andrew, you need to show up more often...