The purpose of this real-world application from 2008 is to not only provide an example of a monopoly created by a common barrier to entry, but to also show how the wireless industry wasn’t necessarily always monopolized. (It might also be considered a social commentary on the dominance of Apple?) Consider the following:
- What does this article argue is the reason for the dominance of one firm in the wireless industry?
- What would life be like without monopolies?
Our classroom discussion will take place on Thursday, April 5 after we talk a bit about Monopolistic Competition.
Posted by Prof. C-S