Ever wonder why you’re paying $8 for lemonade when you have nowhere else to buy it?
That’s what happens when one company controls the market and the competition disappears. In this episode, we break down monopolies using a lemonade stand takeover that gets out of hand fast.
We get into:
• How monopolies control prices and limit your choices
• How big companies push smaller competitors out
• What predatory pricing looks like in real life
• What Standard Oil, Ticketmaster, and Diapers.com have to do with it
• How competition and antitrust laws help protect consumers
• What you can do when you’re stuck with no other options
From overpriced concert tickets to having only one internet provider, monopolies affect more of your everyday life than you might think.
Listen to the full episode and tell us, where are you paying more simply because you have no other choice?