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The Marshall Plan was an anti-monopoly act that awarded the victim of a monopoly three times the amount that his business lost?
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∙ 12y ago
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∙ 12y ago
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What form of legal monopolies still exist today?
Perhaps a better question might be "why do monopolies arise" however the current question will do just fine. And better yet, why can they arise in a democratic nation. Here is a summary that answers the monopoly question:A. A monopoly is a company that is the sole seller of a product without close substitutes. A monopoly is able to remain as such in a market only if there are barriers to entry of that market. Basically we have a situation where other companies cannot compete with the monopoly company. There are several reasons for these barriers in an open market society:A1. A key resource of a product is owned by one company. This is rare but as an example, De Beers owns 80% of the diamond mines in South Africa and thus controls the diamond market.A2. The government has given the monopoly company the sole exclusive rightto produce & sell a product. This is common but the monopoly has a 20 year time limit because the US Patent Office has awarded the company a patent. The long term benefit of patent laws is to enhance creativity and intellectual achievement.A3. A natural monopoly arises when a single company can supply a good such as water at a lessor price than two or more other companies can. ( here we have a government overseer dept. to safeguard a runaway market ).
Which Indian Entrepreneur was awarded the Max Schmidheiny Foundation Freedom Award?
N R Narayan murthy was awarded the Max Schmidheiny Liberty 2001 prize ( Switzerland), in recognition of his promotion of individual responsibility and liberty.
Which organisation instituted the nobel prizes in economics?
The first Prize in Economic Sciences was awarded to Ragnar Frisch (Norway, born in 1895) and Jan Tinbergen (The Netherlands, born in 1903) in 1969.The Prize in Economic Sciences in Memory of Alfred Nobel is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
What is importance of entrepreneurs to the UK economy?
The importance of entrepreneurship to any economy is like that of entrepreneurship in any community. Entrepreneurial activity and the resultant financial gain are always of benefit to a country. If you have entrepreneurial skills then you will recognise a genuine opportunity when you come across one. WSI has franchise opportunities available globally for the all-inclusive fee of $49,700. The company, who has been awarded the accolade of being rated the Number 1 Internet Consultancy business for six consecutive years, has franchisees operating in 87 countries worldwide. Because a WSI consulting business-Elizabeth Miranda
Who was the first American to win a Nobel Prize in economics?
The Nobel prizes are awarded for Peace, Literature, Chemistry, Physiology or Medicine, and Physics. There is not a category for Economics in the list of the awards which were established by the will of Alfred Nobel. There is an award called the Nobel Memorial Prize in Economic Sciences, officially named The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. This prize was established in 1968. The first American to be awarded this prize was Paul Samuelson.
This 1890 act awarded victims of a monopoly three times the amount his business lost?
Sherman Antitrust Act of 1890
Which trophy is awarded to the winner of the Marshall vs Ohio game?
The Marshall/Ohio game is known as "The Battle for the Bell" game and the winner is awarded a travelling bell trophy.
What are the Causes of monopoly?
A monopoly exists when a firm has total control over a particular product or service. Its causes include, government policy or regulations, integration (when to business merge), ownership of patents large, high sunk costs/start-up capital, and predatory actions by a company to exclude others. In addition, a government can give legal monopoly power to some business through nationalization or government awarded franchises and licenses.
What Nobel Prize did George Catlett Marshall win and when was it awarded?
George Catlett Marshall won The Nobel Peace Prize in 1953.
Why did George Catlett Marshall win The Nobel Peace Prize in 1953?
The Nobel Peace Prize 1953 was awarded to George C. Marshall.
What Nobel Prize did Marshall W. Nirenberg win and when was it awarded?
Marshall W. Nirenberg won The Nobel Prize in Physiology or Medicine in 1968.
What Nobel Prize did Barry J. Marshall win and when was it awarded?
Barry J. Marshall won The Nobel Prize in Physiology or Medicine in 2005.
Are you awarded a BS or BA in Business Management?
BS
Who is the business woman of the year 2009 awarded by ET awards?
george cluney
Is PhD degree awarded by Pacific university of Udipur is ugc recognised?
its totally business
What did john marshall say was the chief purpose of written constitution in marbury v madison?
John Marshall understood that supposing the Court awarded Marbury a writ of mandamus the Jefferson administration would then ignore it, and hence significantly weaken the authority of the courts.
What is rank of Eiilm university in INdia?
It is the 12 Ranking University in India and it is awarded by the Cosmode Business Survey and recently it is also awarded as the outstanding University by the Star news Channel.
