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A monopoly is abusiness where there is no competition. For example, a new medicine is patented and it turns out to be a cure for a deadly disease. The company that produces it is the only place to purchase it and they can as a result name their price. this often leads to the death and suffering of a lot of people as the simple result of avarice or as some would cal it free enterprise. luckily patents last for only 20 years or there abouts .this sort of thing can happen in a lot of different situations and anti trust laws are said to keep this under control
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What happens if you land on your own property in monopoly?
nuthing idiot
What happens to price when there is a monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
What happens when you doubles 3 times in a row in monopoly?
You go to jail
What happens to resources when a pure monopoly is at the profit maximizing output?
The economy is at equilibrium as both government suffer insufficient funds
Is monopoly better than monopoly express or monopoly express better than monopoly?
If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.
What happens if you land on your own property in monopoly?
nuthing idiot
What happens to price when there is monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
What happens to price when there is a monopoly?
When there is a monopoly, the general direction of prices is upward. Because of no competition, buyers have no other choice from where to purchase the products. The monopoly company is then free to raise prices at will.
What happens when you doubles 3 times in a row in monopoly?
You go to jail
What happens if you land on start in monopoly?
there is an optional rule that you earn 400 dollars instead of 200
What happens to resources when a pure monopoly is at the profit maximizing output?
The economy is at equilibrium as both government suffer insufficient funds
Kinds of monopoly?
There are many different types of Monopoly. I can name a few. : Monopoly Monopoly Spongebob Squarepants Edition Monopoly Disney Pixar Edition Monopoly Junior
Use monopoly in a sentence?
Jane has a monopoly in that area. Mary has a monopoly of banks.
What term is used to describe a business that becomes so large that it swallows up the competituion?
monopoly ================================================== A monopoly happens when an enterprise, group, person, has control over a product/service in a particular area. The enterprise can fix pricing and push-out competitors.
Is monopoly better than monopoly express or monopoly express better than monopoly?
If you want something entertaing for a short period of time Monopoly Express is better.If you want somethig that is longer , Monoploy. But you could play the original Monopoly on the Monopoly Express gameboard.
What is Spanish Monopoly?
Monopoly in spanish is...
What do you need for monopoly?
a game of monopoly
