The popular board game Monopoly is named after the economic term of the same name which refers to what market structure?
- The domination of the market by a single entity
- The homogenous nature of the market
- The division of the market between single (mono-) owners and joint (-poly) cooperations
- The politics of a government to encourage private property
Answer
The correct answer is A) The domination of the market by a single entity.
More Hobbies questions
- The board game Monopoly was initially created not only for entertaining purposes but also to demonstrate this aspect of the market.
- During World War 2 the game Monopoly was used by the British Secret Services for this very practical and clever purpose.
- In which of these U.S. cities did the first worldwide Monopoly championship take place?
- Which if the following is not among the 12 standard tokens used in Monopoly?
- According to the official Monopoly rules what happens if the bank runs out of money during the course of the game?
- The term Monopoly money has been used in popular culture to refer to which of these types of currencies?