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A monopoly is when a business has a product or service that no one else offers. If a business holds a monopoly over competition they will have more money.
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∙ 9y ago
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One effect of monopolies on the US economy is that they have tended to?
reduce business competition
What are the four types of monopolies?
natural, geographic, technological, government
How do you characterize monopolies in the Philippines?
Due to the fact that monopolies have existed in the Philippines for so long, it's almost like a dictating relationship. Meralco is one of the major monopolies. Customers have no choice on what to pay, or who provides them their service. Complaints or not paying a bill, will automatically suspend or cut of your electricity.
How do small business relate with entrepreneurship?
they are one and the same thing, except in one author's perspective, those who open a business for their own needs are hobbiests and those who open for servicing customer's needs are really entrepreneurs.
Why monopolies are considered undesirable?
Real monopolies are considered bad, as one company has general dominance over a particular market. This can cause smaller, less established businesses to go out of business, and may lead to fines being given to the monopoly companyAnswer 2:Some monopolies reduce competition and innovation.May not have enough oversight.Monopolies may have power to harm the consumer, and may pursue it in pursuit of profitsMay intentionally reduce supply to increase profits.May be able to wield undue influence over governments.Monopolies are not always bad. Sometimes the nature of a business may lead to a monopoly being the most natural state for it.
What is one advantage of monopolies from a business view?
If someone wants a product or service and you are the only one who can supply it, then there is less pressure to lower your price.
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
How did congress try to limit the power of monopolies?
One way that Theodore Roosevelt tried to limit the power of business was by suing the businesses that were trying to create monopolies. He helped to break up many businesses that had created monopolies.
Which of these is a major advantage of a coporation?
The major advantage of a corporation is that one has its legal recognition as a business entity which is a must requirement to grow one's business. One can register its business and can have legal advantages of registration. http://www.aidandtrade.com/
What are the advantages of selling on credit for a business?
One advantage of selling on credit for a business is attracting customers. Another advantage is earning money on the credit used.
What are some advantages about monarchy?
One could argue that a clear line of succession is an advantage of a monarchy. From the perspective of the monarchy, absolute power would be another advantage.
What act sought to break up monopolies qwertyuiopasdfghjklzxcvbnm123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869?
The Sherman Antitrust Act sought to break up monopolies. This act is enforced when any one type of business is trying to hold the power over their entire industry.
What are the four types of monopolies?
natural, geographic, technological, government
How do you characterize monopolies in the Philippines?
Due to the fact that monopolies have existed in the Philippines for so long, it's almost like a dictating relationship. Meralco is one of the major monopolies. Customers have no choice on what to pay, or who provides them their service. Complaints or not paying a bill, will automatically suspend or cut of your electricity.
Advantage and disadvantage of material management?
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
What is advantage of registar car under business?
One advantage to registering your car under a business is the fact that you can depreciate the car over a few years. Depreciating your car will help you assign the cost of the car to the time period it was used.
How do small business relate with entrepreneurship?
they are one and the same thing, except in one author's perspective, those who open a business for their own needs are hobbiests and those who open for servicing customer's needs are really entrepreneurs.
