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A classic example of a geographical monopoly is a local utility company that provides electricity or water to a specific area. Due to the high costs of infrastructure and the regulatory environment, it is often impractical for multiple companies to operate in the same region, leading to a single provider dominating the market. This company can set prices without competition, as residents have no alternative source for these essential services.
What else can I help you with?
What is a geographical monopoly?
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Give you give me an example of a monopoly?
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
What is a monopoly business?
One business would control an entire industry
What is a geographical monopoly?
When a market's potential profit is so limited by its geographic location that only a single seller decides to enter the market. That type of market is a geographic monopoly. An example would be a general store in a remote community.
What is An effective monopoly in the use of physical coercion in a given geographical area is known as?
state
Name on present day company and give an example of the monopoly it holds?
Tesco is a fine example of a monopoly in the UK
Example of a monopoly company?
Petroleum Company
Different example of monopoly in Philippines?
Meralco :)
Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Give you give me an example of a monopoly?
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
What is a monopoly business?
One business would control an entire industry
What is an example of scale model?
A geographical globe.
What is an example of an industrial monopoly?
USPS (united states postal service)
How do you make sentence using monopoly?
you can make a sentence using any word. for example: "I love monopoly." said Sammy, as they walked to the game hall.
