Thursday, October 30, 2014

Internet Companies, Monopolies and Oligopoly

We started monopolies today and are doing oligopolies when that is done.  So I will discuss this article with my kids and ask which our local Internet provider comes closest to (since I think it some areas it is a geographic monopoly whereas in others it is certainly an oligopoly.  That will bring up a nice discussion to inefficiency.  The article looks at inefficiencies due to lack of competition and why we are so far behind many other countries in terms of service. 

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