0
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What are the four types of monopolies?
natural, geographic, technological, government
What are the principal conditions that allow monopoWhat are the principal conditions that allow monopolies to exist?
barriers to entry
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
Why do monopolies exist?
Monopolies exist for two reasons: 1.) The overhead cost is to high for competition to exist. For example a power company owns all the power lines and necessary equipment to generate electricity for a city. If another company decided to compete it would need to build an infrastructure from scratch resulting in to high of an overhead. 2.) The other reason is when a single entity controls a significant amount of a market resulting in a lack of economic competition.
Why are monopolies illegal?
They are not. Although some like for example con Edison are but, they are a "natural / limited monopoly" in other words they are extremely regulated by the government.
Does monopolies exist?
Yes, monopolies exist when a company dominates a particular industry and controls a large portion of the market. This can lead to less competition, higher prices for consumers, and less innovation in the industry. Governments often regulate monopolies to promote fair competition.
What are the four types of monopolies?
natural, geographic, technological, government
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 are the principal conditions that allow monopoWhat are the principal conditions that allow monopolies to exist?
barriers to entry
Why can an industry that enjoy economies of scale easily become a natural monopoly?
Average costs drop as production rises. This is why natural monopolies are possible.
Can natural selection exist with out evolution?
Perhaps not, but evolution can exist without natural selection.
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
How does natural plasma exist?
Natural plasma exist only at very high temperatures, or low temperature vacuums.
Why do monopolies exist?
Monopolies exist for two reasons: 1.) The overhead cost is to high for competition to exist. For example a power company owns all the power lines and necessary equipment to generate electricity for a city. If another company decided to compete it would need to build an infrastructure from scratch resulting in to high of an overhead. 2.) The other reason is when a single entity controls a significant amount of a market resulting in a lack of economic competition.
Does natural selection exist?
Of course!
People who opposed monopolies argued that monopolies?
Eliminated competition
What did Woodrow Wilson view monopolies as being?
monopolies were bad
