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Chapter 7 (Monopoly and Doupoly (Coke and Pepsi are one example, and…
Chapter 7
Monopoly and Doupoly
Coke and Pepsi are one example, and Republicans and Democrats are another example.
Duopoly is just like a monopoly, but it's when only two major companies has business in an area or region
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Public Goods
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Examples: Fresh Air, knowledge, national security.
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Price Discrimination
"Pink Tax" - Women's care and women's based products cost more than the exact same men's version products do.
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Selling goods at different prices to maximize profits.
Anti-trust laws
Sherman Antitrust Act, Clayton Act, The Federal Trade Commission Act.
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