Often, If a Monopoly Exists, Other Firms Try to Figure

question 20

Essay

Often, if a monopoly exists, other firms try to figure out how to break it up - to get a share of the monopolist's profit. Describe two things firms do to try to enter a monopolized industry. Give an example of each.

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Definitions:

Conflict Theory

A perspective in sociology that sees society as an arena of inequality that generates conflict and change, focusing on the struggles between different social classes.

Explain Crime

The act of providing theories or reasons for criminal behavior, attempting to understand the underlying factors of deviance and societal responses.

Enlightenment Thinking

A philosophical movement of the 18th century emphasizing reason, individualism, and skepticism towards traditional doctrines.

Birth of Sociology

The emergence of sociology as a distinct discipline in the 19th century, aiming to understand and explain societal structures, processes, and changes.