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One effect of monopolies on the US economy is that they have tended to?
reduce business competition
Why competition is important in market economy?
to prove one to best than another
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What is the end result of the creation of a monopoly?
One company controls a whole industry.
What was one result of the competition between newspapers for readers in Atlanta?
Hoke Smith was elected governer
What countries use freemarket capitalism?
United Arab Emirates, for one.
One effect of monopolies on the US economy is that they have tended to?
reduce business competition
Why competition is important in market economy?
to prove one to best than another
How is imperfect competition different from perfect competition?
In imperfect competition, there are really big companies that have a large effect on the economy, and there is even a monopoly sometimes. In perfect competitions, one of the requirements is not to have any sole firm have any noticeable impact on the economy.
What is the level competition in a traditional economy?
In a traditional economy, people rely on barter or the exchange of one good for another good. In such an economy, the competition is any other valuable product that someone has to offer a dealer to rival what you have to offer.
What will most likely be the result of this interspecific competition?
there will be a reduction in the population size of one or both species..
What was one result of the competition between newspapersfor readers in atlanta?
Hoke Smith was elected governor
What is the end result of the creation of a monopoly?
One company controls a whole industry.
What was one result of Gandhi's proposed boycotts?
It undermined the British economy in India.
What was one result of the competition between newspapers for readers in Atlanta?
Hoke Smith was elected governer
What is the essential government role in market economies?
One essential government role in a market economy is regulation. This allows for competition without monopoly.
What were two result of The Louisiana Purchase?
One result from the Louisiana Purchase was that it doubled the size of the United States. The second result of the Louisiana Purchase is that it increased the economy for the United States with farming, gold, silver, and other resources.
