Generally, collusion occurs when participating firms can increase their short-run economic profits by controlling supply, acting like a monopoly.
Yes
yes it is
an increase of corporate profits
Factors that contribute to the sustainability of monopoly profits in the long run include barriers to entry, economies of scale, control over scarce resources, and strong brand loyalty.
To maximize profits in Monopoly, strategically sell properties by focusing on monopolies, upgrading properties with houses and hotels, and negotiating deals with other players. This can increase rent prices and create a strong income stream. Additionally, consider the value of properties in relation to their cost and potential for development. By carefully managing your properties and making strategic decisions, you can increase your profits in the game.
To maximize profits and dominate the competition in Monopoly by investing in railroads, players can employ the following strategies: Acquire all four railroads to increase rental income. Develop a monopoly on railroads to control transportation options for opponents. Upgrade railroads with houses or hotels to increase rent. Use railroads strategically to block opponents from completing property sets. Negotiate trades with opponents to acquire railroads and strengthen your position. By implementing these strategies, players can increase their profits and gain a competitive advantage in the game.
Generally, collusion occurs when participating firms can increase their short-run economic profits by controlling supply, acting like a monopoly.
true
Yes
yes it is
The King Monopoly is gaining all the profits from the laborers' hard work
by eliminating competition to control prices
an increase of corporate profits
To maximize profits when selling houses in Monopoly, strategically place houses on properties that are most likely to be landed on by opponents. Focus on properties with higher rent values and try to create monopolies to increase rent. Additionally, consider the balance between investing in houses and keeping enough cash on hand for other expenses.
To strategically sell property in Monopoly to maximize profits and gain a competitive advantage, focus on acquiring full color sets to increase rent, trade strategically to complete sets, and build houses and hotels to increase rent further. Additionally, consider selling properties strategically to opponents who need them to complete sets, and negotiate deals that benefit you in the long run.
Factors that contribute to the sustainability of monopoly profits in the long run include barriers to entry, economies of scale, control over scarce resources, and strong brand loyalty.