Monopolies
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Monopoly Definition | Investopedia

Monopoly Definition | Investopedia | Monopolies | Scoop.it
A situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.
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10 Greatest Monopolies

10 Greatest Monopolies | Monopolies | Scoop.it
Some used shrewd business decisions, some illegal practices. In some instances, states sponsored it, in some, the nature of the market promulgated it. No matter how they rose (and fell), these mono...
Jill Russell's insight:

Some of the greatest and most well known monopolies include Standard Oil and John D. Rockefeller, Dutch East India Company, Pan Am Airways, U.S. Steel and J.P. Morgan as well as AT&T. 

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George Packer: Is Amazon Bad for Books?

George Packer: Is Amazon Bad for Books? | Monopolies | Scoop.it
To many book professionals, Amazon is a ruthless predator; recently, the company has even started publishing books.

Via Arcangel Images
Jill Russell's insight:

Amazon is a great example of  the danger of a monarchy. It holds so much power in the book business, that it leaves little space for other bookstores to thrive.

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Blue Oceans & Monopolies

Blue Oceans & Monopolies | Monopolies | Scoop.it
Is the objective of creating a blue ocean to have a monopoly in a category?
The answer is no. Having a monopoly in a category means that the company can set a monopoly price that is higher than one in a more competitive market.

Via Beeyond
Jill Russell's insight:

This article speaks on the difference and similarity between monopolies and blue oceans. I think at one point it was enough to have a monopoly, because there was limited resources.; And that monopolies have evolved into blue oceans. As opposed to monopoly that limits the consumer surplus, blue oceans benefits both sides of the market.

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Sherman Anti-Trust Act

Sherman Anti-Trust Act | Monopolies | Scoop.it
Definition of Sherman Anti-Trust Act in the Legal Dictionary by TheFreeDictionary.com
Jill Russell's insight:

Section two of the Sherman Act prohibits monopolies, attempts to monopolize, and/or conspiracies to monopolize. Even though this act forbids all monopolies, the court has decided that this only applies to monopolies that are attained through abused or unfair power. But, if they are created through fair  and efficient behavior, then they are okay and legal

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A* Evaluation: Oligopoly. Energy tariffs to be simplified

A* Evaluation: Oligopoly. Energy tariffs to be simplified | Monopolies | Scoop.it

Energy companies will be able to offer only four tariffs each for gas and electricity under government plans to get customers a better deal on energy.


Via Matt Smith, Eser Saracoglu
Jill Russell's insight:

This article depicts great evidence of  how oligopoly still functions today, and how very few energy tariffs, regulates the UK. Not just the UK, but everywhere! In the Northeast of the States it's either NSTAR or National Grid.; And it is not just limited to gas and electricity, but to phone coverage, internet access and satellite televisions, just to name a few. For example in Canada, the main network coverage is Bell and Telus. I have also concluded, that most of the oligopolies and monopolies that are run today, is by the government.

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A History Of U.S. Monopolies

A History Of U.S. Monopolies | Monopolies | Scoop.it
These monoliths helped develop the economy and infrastructure at the expense of competition.
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Monopolies emerged from large companies that were needed to carry out projects necessary for those in the New World to live and prosper. Monopolies are really just an extreme case in capitalism. Due to the large companies dominating, there is a lack of competition which leads to higher prices.

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Danger of Monopolies

Danger of Monopolies | Monopolies | Scoop.it
A monopoly is the sole provider of a good or service. Sometimes this is necessary, but usually it hurts the economy. The Sherman Anti-Trust Act doesn't make monopolies illegal, but it does prohibit them from using their position to price-fix.
Jill Russell's insight:

Monopolies present a lot of danger due to price fixing capabilities and also being able to supply inferior goods with no demand issues. Lack of desire to innovate and cause of inflation are also dangerous attributes of monopolies. 

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Raymond Mastroianni's curator insight, June 23, 2014 11:46 PM

Telebeam supports Mayor deBlasio's vision to bring Free, High Quality WiFi to NYC.  We urge him to keep this market competitive.

Rescooped by Jill Russell from Unlivable Wages That Kill American Living and Companies That Are Greedy
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Congresswoman: Obamacare creating health insurance monopolies - Daily Caller

Congresswoman: Obamacare creating health insurance monopolies - Daily Caller | Monopolies | Scoop.it
Congresswoman: Obamacare creating health insurance monopolies Daily Caller The major health insurance company Blue Cross Blue Shield, which is closely coordinating with the White House on Obamacare implementation, will enjoy perhaps the greatest...

Via Poppen Report
Jill Russell's insight:

Congresswoman Rep. Renee Ellmers has brought forth a great example of how monopoly functions in the world today. As mentioned in the article, the main reason to have a marketplace online, particularly in North Carolina, is to have options-- yet, looking at the poll, more than half of the states' counties are in a Blue Shield Zone.

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Warby Parker Wants To Destroy A $20 Billion Company That Rips Off Its Customers

Warby Parker Wants To Destroy A $20 Billion Company That Rips Off Its Customers | Monopolies | Scoop.it
Luxottica should be scared.

Via Walter Wartenweiler
Jill Russell's insight:

This article and videos included, supports the opposition, or really, the benefit of monopoly. The article/videos speaks on optimal companies Luxottica and Warby Parker. Luxottica, is not known for its name, but for its brands such as: Oakley and Ray-Bans. Also store branches like, Pearl Vision and Oliver's People. Warby Parker supports the opposition of monopoly, by striving to push the market in a "perfect competition".; To give more options to the sellers, not just as another choice, but for a better price too. Warby Parker is a great example, of a small business that is determined to still thrive to make it to the top, regardless of the power Luxottica has. In a way, you can say that Warby Parker is using the blue ocean strategy, for its price and social entrepreneurship.

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Oligopoly Definition | Investopedia

Oligopoly Definition | Investopedia | Monopolies | Scoop.it
A situation in which a particular market is controlled by a small group of firms. An oligopoly is much like a monopoly, in which only one company exerts control over most of a market. In an oligopoly, there are at least two firms controlling the market.
Jill Russell's insight:

An olygopoly is very similar to a monopoly. A monopoly is when one individual firm or business has control over a majority of the market. An olygopoly is when two or more firms or business have control over a majority of the market.

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11 Loopholes the World's Biggest Corporations Use to Skirt the Rule of Law

11 Loopholes the World's Biggest Corporations Use to Skirt the Rule of Law | Monopolies | Scoop.it
If corporations are in fact people, then they're kind of pricks.
Jill Russell's insight:

This article speaks about how, if paid enough, lawyers always find ways for corporations to find different paths to cut through t o avoid  conflicts. One major conflict would be the establishment of monopolies.These  monopolies that are established rip off the IRS, and negatively affect the finances of other corporations and competition.

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