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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.

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15y ago

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What is An effective monopoly in the use of physical coercion in a given geographical area is known as?

state


What is a example of geographical monopoly?

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.


Why did HBC have an advantage over the NWC geographical wise?

They were given a large portion of land surrounding the Hudson bay. The land was called "Ruperts Land". Since the HBC owned the land they had an monopoly of its buisness. Monopoly-complete control(only people aloud to buy and sell furs there)


How many types of monopoly exist in the market?

There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.


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 are some popular games on the Monopoly games list?

Some popular games on the Monopoly games list include Monopoly Classic, Monopoly Junior, Monopoly Empire, and Monopoly Ultimate Banking.


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.


How can I collect 200 Monopoly dollars in the game Monopoly?

To collect 200 Monopoly dollars in the game Monopoly, you can pass "Go" on the game board, which rewards you with 200 Monopoly dollars.


What are the the Monopoly characters?

monopoly man


What is Spanish Monopoly?

Monopoly in spanish is...


What do you need for monopoly?

a game of monopoly

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