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Monopoly

A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition.

Planet Money: Antitrust 3 Big Tech

This is the third episode in our series on antitrust law in America. Our first episode told the story of Ida Tarbell and how her reporting on John D. Rockefeller and Standard Oil changed antitrust law in the early 1900s. Our second episode followed the turn that took place in the 1970s in response to Robert Bork's Antitrust Paradox.

Planet Money: Antitrust 2 The Paradox

This is the second episode in our series on the history of competition, big business and antitrust law in America.

Planet Money: Antitrust 1 Standard Oil

Today on the show, we're launching a three part series on antitrust law, one of the most important but least-understood bodies of law in the United States.

Single Payer Healthcare: Pluses, Minuses, and What it Means for You

As someone who researches inequities in health care, I’ve diligently followed the debate about healthcare reform.

The Monopoly Markup

Ever wonder why pharmaceuticals are so expensive? In this video, we show how low elasticity of demand results in monopoly markups

The Costs and Benefits of Monopoly

In this video, we explore the costs and benefits of monopolies. We cover how monopolies and patents breed deadweight loss, market inefficiencies, and corruption.

Maximizing Profit Under Monopoly

AIDS has killed more than 36 million people worldwide. There are drugs available to treat AIDS, but the price of one pill is incredibly high in the U.S. — coming in at 25 times higher than its cost. Why is that?
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