What is a monopoly? It turns out, it’s more than just a board game. It’s a terrible, terrible economic practice in which giant corporations dominate markets and hurt consumers. Except when it isn’t. In some industries, monopolies are the most efficient way to do business. Utilities like electricity, water, and broadband internet access are probably less efficiently delivered in competitive markets. Come along, and let us monopolize your attention for a few minutes. You might learn something. And you might land on Free Parking.
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So… Nestle is bad yeah?
yep, at&t tried to buy tmobile but failed… of wait its 2020 and theyre together now
One thing is sure:
There’s always money in the banana stand
Facebook is buying every other social networking platforms like Instagram and whatsapp who were supposed to be their competitors. Isn't this causing a monopoly?
So hungry jacks, KFC and McDonald's need to work together or there will be only 1 business allowed
2:30 Is that little Sebastian???
I love how much more natural and organic they became. It's clear they feel more comfortable before the camera now
Start of video: They're bad, ya koolaid drinkin' Chads.
End of video: Patents do not constitute monopolies, most examples of modern utilities in competition share hard resources (cell towers, power grids, railways), monopolies are still bad, yaaaaa koolaid drinkin' Chads
Monopoly's are never useful its why wealth in equality keeps going up maybe power company's . We need more free domain for competition
If price discrimination is illegal why are health care providers allowed to charge people who pay out of pocket 3 – 5 times what they charge people with insurance for the same service? I don't think that the people who have no insurance have a higher willingness to pay, except that people will pay anything to save their own life.
what about Disney, are they not a monopoly
1:47 "And that's exactly how capitalism is supposed to work. People wanted more strict food options and profit seeking entrepreneurs gave them what they wanted. Incentive and competition made society better off." This may only be true if the world in which society lived had infinite fish resources (after the sushi example from the video), harmless or not at least as polluting of a transportation system as today, boundless oil deposits, decent wage system for the food truck drivers/sellers, etc – just to name a few.
Truck food competition didn't make society better off – maybe just some of its members at best. But it certainly has nothing to say about the society in question at large.
Capitalism isn't this simple system where people get in voluntary cooperation in the pursuit of their best self-interest and in doing so, naturally, make society better off – to paraphrase Adam Smith. It's a complicated picture, so much so that even with varying but overall relatively strict government regulation the system called capitalism (whatever that really means) has pushed the world and the future of the human race to the brink of environmental catastrophe over just barely the last 50-60 years (climate, environment pollution, ecosystem degradation, etc).
Basically, when the driving force is consumerism, "lowest prices" for "the best service", etc, a small society with infinite resources may look ugly (no one is against good food choice and so on but capitalism doesn't stop there, it makes consumerism the leading theme of life) but do pretty well; a large society just won't last long.
It's tough to say what a better alternative is – it's up to people to decide. But business as usual just can't go on another 50-60 years.
OMGG MR. CLIFFORD!!! He got me through AP-microeconomics with a 4 on the test! His channel is dope too! Glad to see him here 🙂
McMonogl's?
Pure Monopoly – 1:00
Barriers to Entry – 1:10
Crony Capitalism – 2:35
Oligopoly – 2:52
Horizontal Integration – 4:25
Vertical Integration – 4:38
Usefulness of monopoly – 5:51
Natural Monopoly – 6:38
Non-Coercive Monopoly- 7:25
Price Discrimination – 8:14
Anybody else realize mcmongouls
You are great guys!
I was sent here from school work KCC wya
Disney and google are going to pay
Crony Capitalism is comes from government
1:52 Sushi a Go Go – you mean Diarrhea a Go Go.
Is Facebook some sort monopoly cause they have Some of the social media sites and the even bought oculus vr someone tell me why would they need oculus vr
That’s what happening to Airline call Air New Zealand.
How come I have never heard of this channel??? Subscribed
Wait it seems that a monopoly can only be created with the support of Government Regulation?