Details: There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:
- Define a monopoly.
- Find two examples of monopolies and they cannot be the same type of monopoly (no choosing two government monopolies for example).
- Briefly describe what makes your examples a monopoly.
- How did they become a monopoly?
- What effect does that monopoly have on the market?
- What effect does that monopoly have on society, if any?