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It is not encouraged and does not exist in practice.
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∙ 11y ago
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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 has the author M Merhav written?
M. Merhav has written: 'Technological dependence, monopoly, and growth'
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.
In the game Monopoly what is the advantage of having a monopoly?
When you have a monopoly, you are allowed to add houses and hotels to your property increasing the rental amount when someone lands on it.
Why are Jews allowed to play monopoly on Shabbat when it requires the usage of fake money?
The question answers itself. We're allowed to play monopoly on Shabbat because the money is fake.
Are Jewish people allowed to play monopoly?
Yes, even on Shabbat.
What technological development allowed for increased cotton production?
in African American history
What key technological advances allowed Europeans to explore new areas?
Key technological advances that allowed Europeans to explore new areas during the Age of Exploration included the development of the astrolabe and compass for navigation, the improvement of ship design with the invention of the caravel, and the spread of the printing press for sharing geographical knowledge and maps. These tools enabled European explorers to venture further from their home countries and navigate across oceans with greater accuracy and efficiency.
When is the US federal government allowed to break up businesses?
If the business has no competition and becomes a monopoly.
What is lazy monopoly?
In a "Natural Monopoly" to prevent companies from exploiting their monopolies with high prices, they are regulated by government. Typically, they are allowed a fixed percentage of profit above cost. But this type of regulation can lead to inefficient high costs, since the monopoly is guaranteed a profit. Thus economists call this a "lazy monopoly."
Which technological innovation allowed European imperialists to take land from Native Americans and Africans?
gunpowder
What technological innovation allowed Henry ford to be able to mass produce automobiles?
assembly lines
