What does street repairs mean in Monopoly?
Of these the one of greatest concern is street repairs. It stipulates that the player drawing the card must pay $40 per house and $115 per hotel. This can be highly destructive to any player who has improved his properties and left his cash reserves thin.
What are some real life examples of monopoly markets?
Top 8 Examples of Monopoly in Real LifeMonopoly Example #1 – Railways. Monopoly Example #2 – Luxottica. Monopoly Example #3 -Microsoft. Monopoly Example #4 – AB InBev. Monopoly Example #5 – Google. Monopoly Example #6 – Patents. Monopoly Example #7 – AT&T. Monopoly Example #8 – Facebook.
What is a monopoly in simple terms?
Definition: A market structure characterized by a single seller, selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. …