Context for Monopolies Flashcards
(7 cards)
1
Q
Example of price discrimination?
A
train tickets
2
Q
Example of natural monopoly?
A
NHS
3
Q
Closest example of pure monopoly?
A
Microsoft in 1985
4
Q
Example of patent use?
A
- Microsoft filed patents on all technology - legally prevented other firms from stealing tech
- Dyson bagless vacuums - fined Hoover £4m for copying
- Pharmaceutical companies
5
Q
Example of exploiting EOS?
A
intel exploit technical to produce chips very cheap
6
Q
Example of brand loyalty?
A
spent $1bn in 2016 on advertising and marketing
7
Q
Example of anticompetitive practice?
A
Ikea backward vertical integration with forestry - other firms cannot access resources
