0
The government action insures that we don't waste resources building additional plants when only one is needed. In return, a firm with natural monopoly agrees to let government control the prices it can charge and what services it must provide
Elijah Koch
Add your answer:
Earn +20 pts
What prevents a pure monopoly from occurring?
Monopolies are usually bad for society so governments either nationalise them or regulate them.
How would you describe natural monopolies?
When private firms gain monopoly power, usually because of economies of scale, they are in a position to restrict production and raise price with little worry of competition; these are known as natural monopolies.
What were monopolies?
Monopolies were, and still are, organisations usually businesses, that have no competition for the product or service they sell. Consequently they could set the price they wanted. Many countries passed legislation to limit this, not always successfully.
City councils usally approve the city budget and pass?
city councils usually approve the city budget and pass
Why do you think governments are usually located in cities?
Governments are usually located in cities because government needs a work force and a central location.
How did monopolies end?
the government usually steps in and orders them to break up, like the telephone company way back when.
Who intended to frighten governments into changing their policies?
Terrorists usually intend frightening governments into changing their policies.
What local government usually has several smaller governments in it?
County
What usually sets out the powers and duties of local governments?
Dicks
Who was usually chosen to lead ancient governments?
war leader
Why do daughters lie about boyfriends?
Probably because they are afraid/nervous that their parents won't approve (Which they usually don't)
What is true of special-district governments?
Their governing power is usually very limited.
