How would a yea-sayer respond to this discussion? Monopoly is when a good is sol
ID: 1204634 • Letter: H
Question
How would a yea-sayer respond to this discussion?
Monopoly is when a good is sold on the market that has no other substitute. One of the biggest companies that would fit under this would be Netflix. Since Netflix can be streamed online ready for anyone to see at any time. Netflix also offers a rental where you can rent DVDs. All this can be done by paying a small subscription fee per month. As with Hulu Plus you cannot rent DVDs and only one device is allowed to view the content of Hulu Plus at a time. In the fast paced life that we live in, it would only make sense that a company like Netflix would dominate the T.V. viewing at home or on the go. The company like Netflix goes beyond what most cable T.V. providers have. According to, Oliver, Netflix is on the verge of dominating entertainment with over 29.2 million subscribers. I think that Netflix is a great example of the monopoly. Netflix is a monopoly also because it is affecting other businesses from staying afloat. When companies become large enough and become what consumers want most, of course, consumers will buy their goods or services. Another example of a company that became a monopoly would be Microsoft. The company was setting prices as they saw fit since they had no competitors. Consumers were more likely to choose a computer program that was user-friendly instead of using programs like Linux and Macintosh.
Explanation / Answer
A yea sayer as per his attitude will respond in an affermative mode to this discussion. He will confirm that Netflix is definetly a monopoly and poeple will buy more from Netflix now because of its size. He will respond positive to this complete dicussion as he/she is a yes man.
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