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Yes, it is more beneficial for the economy to have utilities as a monopoly, although they are considered as a 'natural' monopoly. Governments can nationalise the utility in order to maximise social welfare rather than maximise profit, this will keep prices low, keep output high and increase consumer surplus and consumer choice. Your welcome
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoIn most countries electricity companies are a monopoly.
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Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is a monopoly business?
One business would control an entire industry
Who company is monopoly in Pakistan?
pakistan telecommunication company limited is a monopoly firm in pakistan. a monopoly firm is the one which has no competitors.
What scenarios is an example of a monopoly?
Answer this question… Only one company offers bus service to a major city.
What is perfect monopoly?
A perfect monopoly is where a company that makes goods and services has absolutely no competition from anyone else. For example, Coca Cola is already on its way to a perfect monopoly although companies like Pepsi are still competeing.
Example of a monopoly company?
Petroleum Company
Name on present day company and give an example of the monopoly it holds?
Tesco is a fine example of a monopoly in the UK
Who was the founder of the monopoly?
The founder of the monopoly was in the 19th century in the US with Bell Light company. They were the only providers of electricity in the entire world. This therefore generated the first monopoly that mankind ever knew.
Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is a monopoly business?
One business would control an entire industry
Who company is monopoly in Pakistan?
pakistan telecommunication company limited is a monopoly firm in pakistan. a monopoly firm is the one which has no competitors.
What scenarios is an example of a monopoly?
Answer this question… Only one company offers bus service to a major city.
What is a company that has control of an entire industry?
A monopoly
What is perfect monopoly?
A perfect monopoly is where a company that makes goods and services has absolutely no competition from anyone else. For example, Coca Cola is already on its way to a perfect monopoly although companies like Pepsi are still competeing.
What children games include electricity?
well to what i know is that monopoly game with the electric calculator thing does include electricity so then yeah i shall say monopoly
Whats a corporation that did nothing but buy out the stock of other companies?
It is called a monopoly, monopolies are illegal in the United States. One example of a monopoly is commonly viewed as the Microsoft company, although it has not been proved to be a monopoly many consider it to be.
What is monopoly and its causes?
Monopoly by definition is a kind of industry that a sole company is only working at present an example, in a city where there is only one supplier of electricity. This may be not beneficial for the country as a whole because in a monopolistic business, the government usually intervenes and set boundaries that somewhat limits the capacity of the company to accelerate more.
