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said to exist where a person can expect that the failure to act in a particular way will result in physical force being used against her (or her loved ones) by others in the community - for example, by inflicting pain in punishment, or by imprisoning her, or by confiscating or destroying her possessions.

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Can monopoly be efficient?

There are two types of monopolies: coercive and non-coercive.Coercive monopolies use coercion (physical force, threats of force or fraud), via private or government means, to eliminate their competition. Thus they have less competitive incentive to provide higher quality at lower cost. Therefore they tend to be relatively inefficient compared to freely competing businesses.On the other hand, a non-coercive monopoly does not use coercion to eliminate competition. It is a freely competing business. In other words, competing service providers are free to enter the market. This possibility provides competitive incentive for the non-coercive monopoly to maintain customer loyalty by providing them with high quality at low cost. If the non-coercive monopoly does not serve consumers as well as it could, they create profit incentive for competitors to enter the market and win those customers. To prevent this from happening, non-coercive monopolies tend to be relatively efficient compared to coercive monopolies and potential competitors.In fact when multiple businesses merge into one, they often achieve higher economies of scale. Thus non-coercive monopolies have the potential to be more efficient than multiple competitors.Keep in mind, most monopolies today are coercive monopolies, and thus relatively inefficient.


What is meaning of coercive organisation?

coercive


What were the coercive acts and why did they fail?

why did the coercive act fail


What was the coercive act?

The coercive act were a series of four acts established by the British government.


What was An unexpected result of the Coercive Acts was?

An unexpected result of the Coercive Acts was the increased support for Massachusetts and its resistance to the authority of England. The Coercive Acts were originally meant to subdue disobedience.


How do you use the word coercive in a sentence?

Neither on their own is enough to justify coercive military force. The early railroads often used coercive efforts to get the land they needed.


What is a synonym for coercive?

A synonym for coercive is forceful. It can describe when someone is being bullying or controlling in a forceful manner. Another synonym can be intimidating.


What is a price incentive.?

What was a price incentive


Port that was closed as a result of the coercive acts?

The Port of Boston was the port that was closed as a result of the Coercive Acts. British Parliament issued the Coercive Acts after the Boston Tea Party in 1774.


What did the colonists called the coercive acts?

The Intolerable Acts


What is the synanym for incentive?

A good synonym for "incentive" is "motive".


How does incentive affect motivation?

Incentive approach to motivation