Why are there monopolies?

[maryanndimand]

So-- I started the year talking about the basics of how economists model choice, and have been engaged in talking about institutions that facilitate exchange, which makes for some of opportunities from which people choose

Comments

[resonant]

"By appointment to Her Majesty the Queen" might not be the best example. Royal Warrants of Appointment just mean that a company sells that product to the Royal Family, and they officially like their stuff. Kind of like how many companies list their major customers, to say, "If Uber thinks we're good enough to buy our products or services, maybe you should too".

Random example:

https://asana.com/customers/

[maryanndimand]

Like I said, a vestige of monopoly. Back in the day, when merchants were something of a social anomaly, actual monopoly was granted. But I'm not pretending that's a thing now.

Thanks for commenting!