In this lesson we are going to discuss this situation.
Breaking up a monopoly
Add more to this list!
Why are government monopolies accepted and private ones are not?
Why as OPEC been accepted as a cartel, but not other commodities?
Does breaking up a monopoly help the industry or hurt the industry?
What are the short-term effects?
What are the long-term effects?
Can a country do what it likes with its natural resources?
You are being brought in to your government to give testimony about price fixing in your market. You have to prove that your company is to blame or not.
Play the scene with your Business English teacher or a colleague.
Lesson Plan by Rachael Alice Orbach, Professional English Teacher