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One advantage of monopolies from business perspective reason why consumers want government to control monopolies?
From a business perspective, monopolies can lead to increased profits due to the lack of competition, allowing companies to set higher prices and achieve economies of scale. However, consumers often desire government regulation of monopolies to prevent price gouging and ensure fair access to essential goods and services. Without oversight, monopolies can stifle innovation and reduce product quality, ultimately harming consumer welfare. Thus, government intervention is seen as necessary to maintain a fair marketplace and protect consumer interests.
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
What are the four types of monopolies?
natural, geographic, technological, government
How do you characterize monopolies in the Philippines?
Due to the fact that monopolies have existed in the Philippines for so long, it's almost like a dictating relationship. Meralco is one of the major monopolies. Customers have no choice on what to pay, or who provides them their service. Complaints or not paying a bill, will automatically suspend or cut of your electricity.
How do small business relate with entrepreneurship?
they are one and the same thing, except in one author's perspective, those who open a business for their own needs are hobbiests and those who open for servicing customer's needs are really entrepreneurs.
One advantage of monopolies from business perspective reason why consumers want government to control monopolies?
From a business perspective, monopolies can lead to increased profits due to the lack of competition, allowing companies to set higher prices and achieve economies of scale. However, consumers often desire government regulation of monopolies to prevent price gouging and ensure fair access to essential goods and services. Without oversight, monopolies can stifle innovation and reduce product quality, ultimately harming consumer welfare. Thus, government intervention is seen as necessary to maintain a fair marketplace and protect consumer interests.
What is one advantage of monopolies from a business view?
If someone wants a product or service and you are the only one who can supply it, then there is less pressure to lower your price.
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
How did congress try to limit the power of monopolies?
One way that Theodore Roosevelt tried to limit the power of business was by suing the businesses that were trying to create monopolies. He helped to break up many businesses that had created monopolies.
Which of these is a major advantage of a coporation?
The major advantage of a corporation is that one has its legal recognition as a business entity which is a must requirement to grow one's business. One can register its business and can have legal advantages of registration. http://www.aidandtrade.com/
What are the advantages of selling on credit for a business?
One advantage of selling on credit for a business is attracting customers. Another advantage is earning money on the credit used.
What are some advantages about monarchy?
One could argue that a clear line of succession is an advantage of a monarchy. From the perspective of the monarchy, absolute power would be another advantage.
What act sought to break up monopolies qwertyuiopasdfghjklzxcvbnm123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869?
The Sherman Antitrust Act sought to break up monopolies. This act is enforced when any one type of business is trying to hold the power over their entire industry.
How can one achieve a quick monopoly in the business world?
It is not ethical or legal to achieve a quick monopoly in the business world. Monopolies are harmful to competition and consumers. It is important to focus on creating a successful business through innovation, quality products, and fair practices.
What are the four types of monopolies?
natural, geographic, technological, government
How do you characterize monopolies in the Philippines?
Due to the fact that monopolies have existed in the Philippines for so long, it's almost like a dictating relationship. Meralco is one of the major monopolies. Customers have no choice on what to pay, or who provides them their service. Complaints or not paying a bill, will automatically suspend or cut of your electricity.
Advantage and disadvantage of material management?
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
