Describe the differences between a geographical monopoly and a technological monopoly. Give you opinion as to which you think is more prevalent in our society. Then give reasons as which one you think will be more influential on society in the next 10 years. SOMEONE Pleas HELP M!!!

technological monopoly

a firm or individual have discovered a new manufacturing technique or created something entirely new Ex: Segway

geographic monopoly

small town, because of its location no other business offers competition Ex: Girdwood gas station

I would say technological monopolies, though answers will vary because of perspective. If we look at Tesla, they create new and innovative products that are without a doubt beyond the excesses that some other standard car companies (hence, electrical power). As technology grows over the years, having control over a new type of energy or power (or tech), will have a significant influence over the people, especially considering that no other company has yet to provide it.

Explanation:

answer; is the sum of all individual demands curves;

answer; private store;