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Probably so no one person or group can gain too much power economically. If only one brand of a certain product it being sold, then whoever owns the brand can make their product as expensives as they want, because there's no competition offering the same product for a lower price. They can also make it at a low quality, as there is no competition to make the same product at a better quality. Probably so no one person or group can gain too much power economically. If only one brand of a certain product it being sold, then whoever owns the brand can make their product as expensives as they want, because there's no competition offering the same product for a lower price. They can also make it at a low quality, as there is no competition to make the same product at a better quality.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoNo, only if the company uses it's status to bankrupt other companies trying to compete with it.
Wiki User
∙ 7y agoMonopolies are an unfair business practice. So laws were passed making them illegal.
Wiki User
∙ 11y agowanna cookie ?
Wiki User
∙ 13y agoYES.
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What is a human community that claims a monopoly of the legitimate use of physical force within a given territory?
law
How is a monopoly and a perfectly competitive firm similar?
A perfect competitive market and pure monopoly market both have to follow the "law of demand".
What are the arguments for and against Monopoly?
monopoly is a game and it is long and boring. It is stupid just like your face.
Are there any laws against monopolies?
Yes, the Sherman anti-trust act of 1890 prohibited monopolies. This was a reaction to a contemporary controversy about the Standard Oil Company of Ohio maneuvering around state laws in order to form its own trust. This act put an end to companies being able to maneuver around laws like that. While other laws prohibited the means of achieving a monopoly, this act prohibited having a monopoly.
Is a monopoly against the principles of capitalism?
A monopoly is the ultimate goal of an individual company or enterprise in a truly capitalistic society. However, capitalism also means free and fair market competition so laws have been enacted to prevent total monopoly of any particular industry but not of a particular process, item or service.
How are exclusive rights beneficial?
Exclusive rights is a de facto, non-tangible prerogative. It is benefecial to monopoly business, because it can restrict others to perform the same business or productive activity, i.e, it restricts entry in monopoly business. Exclusive rights can be said a form of monopoly. It is also beneficial to property law, copyright law , patent law and to public utilities.
The collection of statues aimed at curbing monopoly power is called?
Antitrust Law
Is it against the law?
Yes, blackmail it is against the law.
What has the author George Cyriax written?
George Cyriax has written: 'Monopoly and competition' -- subject(s): Antitrust law, Competition, Economic policy, Monopolies, Restraint of trade 'Monopoly and competition' -- subject(s): Restraint of trade, Antitrust law
What are the arguments for and against?
monopoly is a game and it is long and boring. It is stupid just like your face.
Is it against the law to download illegally?
"Illegal" means against the law. So yes, downloading illegally is against the law.
Where can someone play Monopoly online for free?
There are many websites that allow users to play Monopoly for free. Some of the most popular are Pogo, EA, and Zylom. On many of these sites, one can play Monopoly against other players as well.
Is there a law against denying to sell a product that is on display?
No there is not a law against it.
Is it against the law to eat dogs?
Yes it's against the law
Is it against the law to yell at your children?
No, yelling at your children is not against the law.
Icelandic law gave the national broadcasting service ruv a monopoly until 1986?
True
Is vandalizing against the law?
yes vandalism is against the law and if you get caught you will go to Gail I'm not sure what will happen or for how long but it is against the law.
