Monopoly

A monopoly (from Greek μόνος mónos ("alone" or "single") and πωλεῖν pōleîn ("to sell")) exists when a specific person or enterprise is the only supplier of a particular commodity (this contrasts with a monopsony which relates to a single entity's control of a market to purchase a good or service, and with oligopoly which consists of a few entities dominating an industry). Monopolies are thus characterized by a lack of economic competition to produce the good or service, a lack of viable substitute goods, and the possibility of a high monopoly price well above the firm's marginal cost that leads to a high monopoly profit. The verb monopolise or monopolize refers to the process by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).

Monopoly (game)

Monopoly is a board game that originated in the United States in 1903 as a way to demonstrate that an economy which rewards wealth creation is better than one in which monopolists work under few constraints and to promote the economic theories of Henry George and in particular his ideas about taxation and women’s rights. The current version was first published by Parker Brothers in 1935. Subtitled "The Fast-Dealing Property Trading Game", the game is named after the economic concept of monopoly—the domination of a market by a single entity. It is now produced by the United States game and toy company Hasbro. Players move around the gameboard buying or trading properties, developing their properties with houses and hotels, and collecting rent from their opponents, with the goal being to drive them all into bankruptcy leaving one monopolist in control of the entire economy. Since the board game was first commercially sold in the 1930s, it has become a part of popular world culture, having been locally licensed in more than 103 countries and printed in more than 37 languages.

Monopoly (game show)

Monopoly is an American television game show based on the board game of the same name. The format was created by Merv Griffin and produced by his production company, Merv Griffin Enterprises.

Monopoly aired as a summer replacement series on ABC along with Super Jeopardy!, a special tournament edition of Griffin's popular quiz show. Monopoly premiered on June 16, 1990, and aired following Super Jeopardy! for twelve consecutive Saturday nights until September 1, 1990.

Former Jeopardy! contestant Mike Reilly was chosen to host the series, with Charlie O'Donnell as announcer. Three separate women, Kathy Davis, Kathy Karges, and Michelle Nicholas, served as the co-host/dice roller.

Gameplay

First round

Three contestants played, each represented by a color (red, gold, and green).

In the first round, the players attempted to take control of the various properties on a giant Monopoly board. To do so, they had to solve crossword-style clues. The first letter of each answer was given to the players, and each side of the four-sided board, referred to as "blocks" (with the block containing the five properties between the Go to Jail corner and "GO" referred to as the "high rent district"), had a different starting letter for clues. Each clue was a toss-up, and answering correctly won money equal to the value of the property, from $60 for Mediterranean Avenue to $400 for Boardwalk. Answering incorrectly deducted that value from a player's score. In the event that all three players failed to answer a clue, the property value was cut in half and another clue was read.