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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
400 dollars
exploitation of monopoly power in market-the extent to which a firm or firm with monopoly power can raise price in market to extract consumer surplus and it into extraprofit
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
Monopoly
A board game
by monopoly thebmanufacturers can fix any amount as price and poor consumers can't bear it.
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
400 dollars
$75
300
400 Dollars
exploitation of monopoly power in market-the extent to which a firm or firm with monopoly power can raise price in market to extract consumer surplus and it into extraprofit
I don't know what you mean by generic Monopoly but you can get some Monopoly varieties for under $10. The original doesn't cost much more.
£240
the monoply cast is not an issue.