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The US Department of Transportation is a government department, not a market monopoly
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∙ 12y ago
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What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
What type of business is a monopoly?
monopoly business , is related as a single sella r market with homogenic market in business market
Case study on monopoly market structure?
A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
What does the size of a market have to do with whether an industry is a natural monopoly?
well technically a monopoly is just holding 25% percent of the market, so it would help if the market was smaller.
What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Who heads the Department of Transportation?
The US Department of Transportation is headed by the Secretary of Transportation.
What type of business is a monopoly?
monopoly business , is related as a single sella r market with homogenic market in business market
Case study on monopoly market structure?
A case study on monopoly market structure indicates a number of things. In most cases, consumers are exploited as they do not have any alternative in a monopoly market.
When was AT and T's monopoly ended?
The Justice Department officially broke the monopoly in 1984
What does poor transportation to the market mean when farming?
Poor transportation to the market is when the transportation has to get to the market and reaches late or the transportation didnt secure the materials.
What is absolute monopoly?
monopoly refers to a single seller in the market structure
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
What department is Transportation Security Administration?
The Transportation Security Administration (TSA) began as part of the Department of Transportation (DOT) but was moved to the Department of Homeland Security (DHS) when that department was created.
When was California Department of Transportation created?
California Department of Transportation was created in 1895.
When was Arizona Department of Transportation created?
Arizona Department of Transportation was created in 1974.
When was Detroit Department of Transportation created?
Detroit Department of Transportation was created in 1922.
