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if you have all of the proporties of the same suit. ex: boardwalk and parkplace. you have all of the proporties so hence a monopoly.
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∙ 14y ago
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What is a puremonopoly?
When one company has the control over the entire market for a product, usually because of barriers to entry. With the ability of price control and supply setting, this monopoly is extremely rare in any sort of market unless it is a government granted monopoly because of some inherent factors that make it crucial for a monopoly to exist. Otherwise, it may exist under certain circumstances, such as; a patent created monopoly which gives the company unilateral control over the extire market for a product, a cartel or illegal trust monopoly, or a natural monopoly where the supply for a product comes from one source because of natural barriers to entry that makes it nearly impossible for others to enter the market and survive.
When Which one of the following is true about a firm with a natural monopoly?
A natural monopoly is likely to arise when economies of sale exist over the relevant range of demand.
Why technological monopoly is allowed?
It is not encouraged and does not exist in practice.
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
Why does the four leaf clover exist?
It exist because it may grow an extra leaf
Do you like Monopoly?
People like monopoly because it is a fun game.
Why do you like Monopoly?
People like monopoly because it is a fun game.
What type of market structure would x-inefficiency most likely exist?
monopoly
Why is walmart considered to be a monopoly company?
It is so, because they sell "Monopoly" the board game.
What are the four degrees of competition that exist in a capitalistic economy?
The four degrees of competition that exist in a capitalistic economy are: perfect competition, monopolistic competition, oligopoly, and monopoly.
Where can one play monopoly games online?
There are a few different places a person may play Monopoly games online. For instance, Pogo and Hub World both have Monopoly on their websties. Additionally, a person may play Monopoly on the websites Big Fish Games and Wild Tangent.
Does perfect competition and pure monopoly exist only in developed countries?
Yes because in a third world country or undeveloped country there is very unstable goverment having no pure monoply or stable income
