Reading and Responding to Questions:
Watch the video thoroughly.
Answer all the provided questions thoughtfully. Clearly identify each answer with the question number (e.g., Q1, Q2, etc.).
Aim for a minimum of 300 words total in your responses.
Let’s Talk Monopolies!
The Rise of a Monopoly King: In your own words, explain how companies like John’s shoe company can become monopolies. What are some of the tactics they might use?
The Case Against Monopolies: Why are monopolies bad for consumers and the economy in general? What are the potential downsides?
John: Master of the Market? Based on the video, how does John leverage protectionist policies and regulations to benefit his own business? Is this fair competition?
Price Taker or Price Setter? John’s shoe company: Does it dictate the price of shoes in the market, or does it have to follow existing market prices? Explain your reasoning.
Crushing the Competition: How did John manage to reduce competition in the shoe market? Were his methods ethical or concerning?
John vs. Bezos: A Tale of Two Titans? In what ways is John’s shoe company similar to Amazon’s dominance under Jeff Bezos? Are there any key differences in their approaches? Briefly explain.
LINK https://youtu.be/eJa65E2TKv4
