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Monopoly by definition is a kind of industry that a sole company is only working at present an example, in a city where there is only one supplier of electricity. This may be not beneficial for the country as a whole because in a monopolistic business, the government usually intervenes and set boundaries that somewhat limits the capacity of the company to accelerate more.
A monopoly is a trade market controlled by only one company, hence the prefix mono which means one. Its cause is greed. By being the only supplier of a good or service, the price is not competitive. The company can overcharge and needs not fear losing revenues to competing companies, because there are no competitors.
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Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
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 are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
How Indian railways as a monopoly?
it is a monopoly, and it's bad
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profits?
Explain how monopoly causes an inefficient allocation of resources when the competitive firm does not even when both seek to maximize profit
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
What are the Causes of monopoly?
A monopoly exists when a firm has total control over a particular product or service. Its causes include, government policy or regulations, integration (when to business merge), ownership of patents large, high sunk costs/start-up capital, and predatory actions by a company to exclude others. In addition, a government can give legal monopoly power to some business through nationalization or government awarded franchises and licenses.
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.
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
What are the the Monopoly characters?
monopoly man
What are some sentences using the word monopoly?
"Monopoly suppliers are publicly owned." "Monopoly of wisdom." "Monopoly of truth seems to threaten us."
What is a sentence of monopoly?
Monopoly is a board game.
How do you download Monopoly?
there a monopoly game in nick.com.
