Question

Help:(

Answer 1

1. Identify a firm that operates in your community that you think has a significant
amount of monopoly power. Explain why you chose this firm.

2. At one time, the American Telephone and Telegraph Corp. (AT&T) had a great
deal of monopoly power and earned large profits. In recent years AT&T has lost
money. What happened to AT&T’s monopoly power?

3. Although individual farmers do not purchase advertising for their
products, it is common for groups of farmers to join together to do this. In New
York, for example, the Upstate Milk Cooperative collects funds from thousands
of dairy farmers and uses the money to buy advertisements for milk products.
Explain why this makes sense. What are the farmers trying to accomplish?

4. Between 1880 and 1900, the Standard Oil Company came to control
almost 90 percent of the production of oil products in the United States. It did
this by buying up or driving other firms out of business. With this monopoly
power, the firm’s owners were able to earn as much as a 20 percent profit on
the value of the firm’s assets, such as its refineries, pipelines, etc. Much of the
firm’s profit was used to develop new technologies that, according to the owners,
contributed to lower prices. In your opinion, is it possible for monopolies to
be good for consumers? Explain your answer.

Answer 2

if you sum that up for me i will help lol

Answer 3

I just copy and paste. I don't understand this.

Answer 4

hum well what you think it is about

Answer 5

Monopoly?

Answer 6

hum i see the problem

Answer 7

What it is? :/

Answer 8

we both have no fu*king idea LOL

Answer 9

e_e

Answer 10

just go with c its always c

Answer 11

Thanks for trying.

Answer 12

coooooollll

Answer 13

Pretty much this is just talking about the power some companys had through there size an wealth. Think about it, in your comunnity im sure there are some large companys that everyone knows about and is expanding rapidly.

Most of the other quesions just go off of this. For the second one, look up when other phone companies began to come up. Maybe verizon could be part of why the started to loose there monopoly.