This week's topic is: Monopolies
Warmup Question: In your own words can you describe what a monopoly is?
Part 1: Video & What is a monopoly?
[Vocabulary]
to squelch (v.): forcefully silence or suppress
to diminish (v.): make or become less
anti-competitive (adj.): tending to suppress economic competition
mandate (n.): the authority to carry out a policy (in this case similar to approval)
outright (adv.): completely
Part 2: Reading and Vocabulary Comprehension