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Economics of Monopoly Power

Week 6 Discussion 1

Economics of Monopoly Power” Please respond to the following:

 

6-1

Monopoly Incredible Bread machine film -from 18 minute marker http://www.youtube.com/watch?v=EZX5aRF4HZM

 

 

 

Week 6 Discussion 2

Sports stadiums   http://www.youtube.com/watch?v=HF3H1Qt3ngs and http://www.youtube.com/watch?v=mvuo3IjmspI

 

http://www.youtube.com/watch?v=QPKKQnijnsM 

 

Bill Gates Jr. and Bill Gates Sr. http://www.youtube.com/watch?v=DwE0wjNgVoo

Dr. Patrick Dixon on Economics and Labor Motivation   http://www.youtube.com/watch?v=lA-ifiDuvls

 

 

 

 

 

…………..Answer Preview…………….

6.1

            From this film, it is very clear that the person featured has lived bare sustenance life in the whole mankind history. However, it is a film that reveals freedom more clearly; it indicates that the only path to own property and live a good life in this world is basically rule of law, open markets and above all private property rights.

            However, many questions can cross minds of anyone who watches this video, for instance why is it so many learned people like, Doctors, professors, and legal professionals just to mention a few always trust or…

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