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How many companies control a market in a monopoly?
One.
Which of these companies merged approximately forty other companies to form a monopoly?
Standard Oil
Is an electricity company an example of monopoly?
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
What American companies had a monopoly in the 1800s?
Standard oil company
Is apple a unethical monopoly?
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
Is a railroad considered a utility in the game of Monopoly?
Yes, in the game of Monopoly, railroads are considered utilities.
Are railroads considered utilities in the game of Monopoly?
Yes, railroads are considered utilities in the game of Monopoly.
How many companies control a market in a monopoly?
One.
Which of these controls all other companies in an industry?
Monopoly
What controls all other companies in an industry?
monopoly
Which of these companies merged approximately forty other companies to form a monopoly?
Standard Oil
Why is walmart considered to be a monopoly company?
It is so, because they sell "Monopoly" the board game.
What controls an industry by controlling other companies in the industry?
Monopoly
What American companies had a monopoly in the 1800s?
Standard oil company
Is an electricity company an example of monopoly?
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
Is apple a unethical monopoly?
No, they have competitors and a monopoly doesn't . Yes, they try to control how other companies use the same type technology.
What are agreements among companies to keep prices at a certain level?
Monopoly
