How did Major League Baseball become a legal monopoly? : Planet Money : The Indicator from Planet Money : NPR

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When we consider monopolies, it is interesting to note that in the long run, most perceived monopolies do have to compete with other monopolies. That is, if my electric company is bad, I can move to another electric company's zone. consider the short run where it may not be an option to simply move to an area served by another company. For this discussion, your task is to:

1. Think of a monopoly that is prevalent in your life and identify whether it is a natural or legal monopoly
2. Explain the barrier that helped establish this monopoly as a monopoly.
3. Is buying up your competition to maintain monopoly legal? Which social media company was in trouble in the year 2020 for this reason?

Hint: Reference Table 9.1 in Section 1, Barriers to Entry