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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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∙ 11y ago
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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.
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 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.
What is a company that has control of an entire industry?
A monopoly
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.
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.
The complete control of a product or service by a single company?
monopoly
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 a word for exclusive control?
Monopoly.
What is the exclusive control of an industry?
a monopoly
What does monopoly of trade mean?
a fur trade monopoly is the control over fur
