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because it is unfair for the owners, now no one could lower their prices so much low that everyone would go there and they cant make everyone to loss and raise prices and become rediculisly rich as Rockefeller (383 billion ) 383 000 000 000 000
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoA situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.
i think that the government discourages monopoly because the government wants their to be a competitive market so if their is a monopoly their wont be competitive market and it would raise the price for
Wiki User
∙ 12y agoAs explained by Adam Smith in his book "The Wealth Of Nations" monopoly can be used to prevent competition, and to arbitrarily raise the price of whatever product is subject to that monopoly. In other words, let us imagine that I am in control of all sources of copper. I can charge whatever I like for copper, and if you need copper, you will have to pay what I charge since there is no other source of supply. This is not fair to consumers, and not good for the economy.
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What was the main reason the government broke up monopolies in the 1900s?
ttt
Why progressives in the early1900s sought government action to control monopolies?
Pretty much all progressives sought action to control monopolies. Theodore Roosevelt and William Howard Taft stand out as the two glaring examples of progressives who took action to control monopolies.
Farmers did not like high tariffs and railroad monopolies because they seemed to support what?
city government. industrialists. immigrants.
What was the government's response to big business?
The government did not approve of them because it effected the economy especially teddy Roosevelt he was known as the trust buster and he broke up bad trusts or monopolies.
What did Wilson have in common with Roosevelt and debs?
Roosevelt supported government supervision of big business. Wilson opposed all business monopolies, or trusts. Debs went even further. He wanted the government to distribute national wealth more equally among the people.
What can the government do to prevent monopolies?
The Government should invite other concerns also to have a healthy competitive atmosphere for preventing monopolies.
What are the four types of monopolies?
natural, geographic, technological, government
Why government grants patented monopolies?
There are no patients monopolies. There are patients that are for items made by people or companies.
Are patents trademarks and copyrights all government granted monopolies?
Yes; patents and copyrights are temporary monopolies.
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.
What is an antitruster?
An antitruster is a government agent who investigates monopolies.
What was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
What was the main reason the government broke up monopolies in the 1900s?
ttt
Why are monopolies regulated by the government?
Monopolies are regulated to protect consumers. An unregulated monopoly can charge prices higher than the efficient level of production which causes some consumers to be left out of the market. Governments can combat this by breaking up monopolies with antitrust laws and turning monopolies into public entities.
Why the government try to stop monopolistic firm?
Monopolies have basically no competition, so they can charge whatever prices they want and use unfair business methods, which is bad for customers, so the government tries to stop monopolies from forming.
Why did the government at first hesitate to break up trusts and monopolies?
I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.
Why did government at first hesitate to break up trusts and monopolies?
I don't think it was really malicious. The government just didn't see trusts and monopolies as a problem, even though they were reducing the amount of business activity in the United States.
