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When private firms gain monopoly power, usually because of economies of scale, they are in a position to restrict production and raise price with little worry of competition; these are known as natural monopolies.
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∙ 13y ago
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What are the four types of monopolies?
natural, geographic, technological, government
What is the opposite of superficial?
I think it would be down to earth or Natural I think natural is the best word to describe it
How could the monopolies harm the U.S. Economy?
Monopolies would harm the U.S Economy because it would close out the window for competition, and free market.
Why can an industry that enjoy economies of scale easily become a natural monopoly?
Average costs drop as production rises. This is why natural monopolies are possible.
Why natural monopolies exist?
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
How would you describe Nick's attitude toward the natural environment in this story?
dont know
In the late 19th century monopolies most harmed the economy by?
Government mandated monopolies hurt the economy by forbidding competitors that would have lowered prices. The non-government monopolies, who just were monopolies for being so great at offering the lowest prices and best products, did not harm the economy.
How would you describe the rule for determining whether the product of many natural numbers is even or odd?
I would describe the rule as one of the simplest possible.The product is odd only if each of the natural numbers is odd. If any one of them is even, the product is even.I would describe the rule as one of the simplest possible.The product is odd only if each of the natural numbers is odd. If any one of them is even, the product is even.I would describe the rule as one of the simplest possible.The product is odd only if each of the natural numbers is odd. If any one of them is even, the product is even.I would describe the rule as one of the simplest possible.The product is odd only if each of the natural numbers is odd. If any one of them is even, the product is even.
Describe how antitrust laws encourage competition?
The government can break up monopolies and block potential mergers which may reduce competition.
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
What subset of the real numbers would you use describe the population of several cities?
natural numbers
Does monopolies exist?
Yes, monopolies exist when a company dominates a particular industry and controls a large portion of the market. This can lead to less competition, higher prices for consumers, and less innovation in the industry. Governments often regulate monopolies to promote fair competition.
