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Answered 2009-10-01 21:24:18
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
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Related Questions
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
What is the difference between natural monopoly and geographic monopoly?
Natural monopoly is one that takes place without mans interferance as geographical monopoly is suggested by man ex. Oil
Four types of monopoly?
natural, geographic, technological, government
What is a geographical monopoly?
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
What is the difference between a geographic monopoly and technological monopoly?
Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.
What are the elements of political sovereignty?
1. A geographic area. 2. Monopoly of coercion (violence). 3. Control of political organisation and administration.
Kinds of monopoly?
There are many different types of Monopoly. I can name a few. : Monopoly Monopoly Spongebob Squarepants Edition Monopoly Disney Pixar Edition Monopoly Junior
What is a sentence with monopoly?
Jane has a monopoly in that area. Mary has a monopoly of banks.
What are the names of the different types of monopoly games?
-Disney edition monopoly -Simpsons edition monopoly - Spiderman edition monopoly -Junior Monopoly -and many more...
Is monopoly better than monopoly express or monopoly express better than monopoly?
If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.
What is the newest game of monopoly?
The newest game of monopoly is the monopoly CITY edition.
What is the Spanish monopoly?
Monopoly in spanish is...
What do you need for monopoly?
a game of monopoly
What does a monopoly do?
A monopoly controls an industry
What are some sentences using the word monopoly?
"Monopoly suppliers are publicly owned." "Monopoly of wisdom." "Monopoly of truth seems to threaten us."
Is the game Monopoly named Monopoly?
Yes it is
How do you download Monopoly?
there a monopoly game in nick.com.
What is The name of the character in Monopoly?
monopoly man
What is a sentence of monopoly?
Monopoly is a board game.
What you need for monopoly?
a box of monopoly stuff
What is the name of the bearded man in the game of monopoly?
The bearded man in monopoly, his name is Mr. monopoly?
What Monopoly is boardwalk in?
In classic Monopoly, it is the dark-blue monopoly : only Boardwalk and Park Place.
Is Monopoly money legal currency?
No. Monopoly money is only legal tender in the Monopoly game.
What was the game monopoly originally called?
Monopoly was originally called the Landlords Game but changed to Monopoly later.
Is there a website that sells nothing but various monopoly games?
The official monopoly website is what you are looking for. The whole collection of unique monopoly games is available there, along with lots of interesting information and history about the monopoly game. You can access the monopoly website here: http://www.hasbro.com/monopoly/en_US/.
