In terms of business, what does a monopoly mean? And would you consider Disney, Netflix, Walmart and Nike monopolies? Please explain, thanks?
- A HunchLv 74 weeks agoFavorite Answer
A monopoly is when a company is the only company in the industry.
Disney: Has many business lines but in terms of amusement parks, they have competition. They also have competition with movies, tv, etc
Netflix: Red Box, Hulu, YouTube, etc
Walmart: Target, KMart
Nike: Adias, Reebok.
- babyboomer1001Lv 74 weeks ago
A monopoly is having the market to themselves. None of those mentioned are monopolies. Disney has not taken the market away from anyone. They created their own characters and their empire from there. Netflix is just one of many channels offering programing. Walmart is only one of several large chain stores. They don't have a monopoly o n anything. Nike - you have heard of Adidas, New Balance, etc. - haven't you? Nike is only one of many shoe manufacturers.
- Anonymous4 weeks ago
It means do your own homework, punk.
- ZirpLv 74 weeks ago
It means you have no competition... It means no other company can provide what you produce, or at least not in the same quality or for a similar price