Oligopolies and Monopolisitc Competition

Thinking about different markets that are in-between monopolies and perfect competition

Category:

Education

Tags:

• microeconomics

[TheCreativeElitist]

@PhobiaPhobo

Incorrect. Using the Oxford Dictionary:

" ORIGIN mid 16th cent.: via Latin from Greek monopōlion, from monos ‘single’ + pōlein ‘sell.’ "

[PhobiaPhobo]

@Khanacademy

Just throwing this out. Poly does not come from sellers... it comes from "many" as in "Poly-gon"= Many sides or "Polyethylene"="One of many polymers of ethylene".

I guess it would make more sense to think of "Mono-Poly" to be "One taking over Many"

[mtanousable]

@PhobiaPhobo monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell))

[mtanousable]

@PhobiaPhobo monopoly (from Greek monos μόνος (alone or single) + polein πωλεῖν (to sell))

[mrhnm]

@kuzzlenuzzle I am what American Libertarians want to be when they grow up.

[PakiMuscle]

Khan Academy Zindabad...

[DinkerTinker1]

So, the sum of it all is: find an area where you make your money in an oligopoly like atmosphere and avoid the rest? If you want to look at it from an entrepreneurial stand-point, that is. This is kind of like thinking about only entering areas where there is a high entrance level. Or, if the entrance level is low, have legislators increase the entrance level and position yourself on the right side of the fence. Great video.

[jameswinter]

thanks. fun to watch. nb - typo in title

[kuzzlenuzzle]

@mrhnm Not necessarily. Let me guess, are you an American Libertarian?

[Digadogup]

@SpecificSpecifick ~liekd~