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A government can restrain monopoly power by imposing restrictions such as price-capping, making sure that competing businesses are supported and encouraging new businesses.

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12y ago

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What kind of monopoly often provides basic necessities such as public utilities?

Government run monopolies. When the government has control of a monopoly they often provide basic needs for the people, but do not take advantage of the power. Ex. the post office is a government run monopoly.


How did the Chinese government establish control over commerce and manufacturing?

It established a monopoly on the production of silk.


Which of the following is true about a firm with a natural monopoly?

It ususally agrees to allow the government to control the price and service provided.


What is a company that has control of an entire industry?

A monopoly


How many types of monopoly exist in the market?

There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.


How a government is involved in creating a monopoly?

The government can create a monopoly when, in doing so, it is in the interest of the public good.


Which industrial giant was responsible for the federal government passing anti-monopoly legislation?

Standard oil or Rockefeller's control of the oil market.


What is a sentence using the word monopoly?

The monopoly was broken up by the government.


What is a fur trade monopoly?

a fur trade monopoly is the control over fur


What is the exclusive control of an industry?

a monopoly


What is a word for exclusive control?

Monopoly.


Is a government monopoly one that is created by the government for the sole reason of making money for government use?

No. A government monopoly refers to a situation in which the government owns all the outlets for a particular good or service.