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Bill Gates

Bill Gates. Rockefeller. ENRON. Examining Monopolies & The Impact of Historical Anti-Trust. EDSE 420 – Mr. Peeler. OBJECTIVES. To Explore the role and benefits of competition in capitalists societies To Define monopolies To Compare & contrast monopolies & trusts. VOCABULARY. UnTarnished.

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Bill Gates

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  1. Bill Gates

  2. Rockefeller

  3. ENRON

  4. Examining Monopolies & The Impact of Historical Anti-Trust EDSE 420 – Mr. Peeler

  5. OBJECTIVES • To Explore the role and benefits of competition in capitalists societies • To Define monopolies • To Compare & contrast monopolies & trusts

  6. VOCABULARY UnTarnished irrelevant relentless sanctions Litigation Corporate stifling Precedence Pummeled Innovation incriminating allegations floodgates incentives productivity antitrust monopoly Alleged

  7. Capitalism • Basic production Facilities and capital privately owned • Economic activity is organized and coordinated through buyers and sellers • Owners of land and capital are free to pursue their own self interests in seeking maximum gain

  8. Monopoly • Economic situation in which only a single seller or producer supplies a commodity • Seller controls the price • More freedom to adjust both price and production • Results in a smaller output of goods • Price Discrimination

  9. Trusts • Corporate monopolies organized to eliminate competition in an area of business and control the market for a product • Legal arrangement in which the voting of stockholders assemble under the direction of a board of trustees • Permits trustees to create a single firm out of competing firms

  10. Anti-Trust Violaters Standard Oil AlCOa

  11. What Have I learned? • What are the benefits of competition? • What are the economic benefits of competition as in a capitalist society? • Why do capitalist economies require competition? • Is capitalism a good or bad economic system? Why?

  12. Online Research • Find a company charged with monopolization of their industries • In what year was the company prosecuted? • What was the commodity or service? • What was the verdict? • What is your opinion of the verdict?

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