the bank, the store,and the mall
One.
Standard Oil
Yes, it is more beneficial for the economy to have utilities as a monopoly, although they are considered as a 'natural' monopoly. Governments can nationalise the utility in order to maximise social welfare rather than maximise profit, this will keep prices low, keep output high and increase consumer surplus and consumer choice. Your welcome
Standard oil company
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
monopoly
One.
Monopoly
Standard Oil
It is so, because they sell "Monopoly" the board game.
Yes, it is more beneficial for the economy to have utilities as a monopoly, although they are considered as a 'natural' monopoly. Governments can nationalise the utility in order to maximise social welfare rather than maximise profit, this will keep prices low, keep output high and increase consumer surplus and consumer choice. Your welcome
Monopoly
Standard oil company
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
Monopoly
Standard Oil Company
To check peoples butts