![]() Examples are the United States Postal Service for regular mail, many local power companies for your gas or electricity, your cable television provider and, to some extent, your local public school system. Readers of the New Testament in Greek will know what a “monopoly” is by its roots: “monos” means one, and “polein” means “to sell.” A monopoly is only one seller in an industry. In this lecture we learn the important concept of a "monopoly".
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