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What is the legal term that describes the controlling body of a monopoly?
Trust
What is the difference between a geographic monopoly and technological monopoly?
Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.
When one group controls an industry or market by being the only provider is?
Monopoly.
Give me an example of companies that are a pure monopoly?
There are many legal monopolies. The United States Postal Service is the only letter mail provider and is government funded to make it run at a loss.
Is a monopoly legal in America?
There are regulations. Monopoly means that there is one firm available to do a service. That is NOT illegal. If you are the only one who knows how to build a plane, you are the only one who can manufacture it. Monopolies are mainly done with patents, copyrights, etc. So if I can build a device that can make you fly, I don't have to tell everyone my secrets. I get get a patent. You can consider me a monopoly, but what I am doing is NOT illegal. Monopolies are also made, in a way, with government contracts. For example, if your city hires a company for water or electricity, that is the only company available in your area and therefore a monopoly, but NOT illegal, there is simply nobody else who can do the business. If however, you do not have a patent for something or you use a general idea and get everyone else out of business, then you are a monopoly that IS illegal.
Is Monopoly money legal currency?
No. Monopoly money is only legal tender in the Monopoly game.
What is the legal term that describes the controlling body of a monopoly?
Trust
What is the legal term that describe the controlling body of a monopoly?
Trust
How can I use a Monopoly game image?
The images in Monopoly are copyright, which means you will need legal permission from the games copyright holders to publish the image.
What is the difference between a geographic monopoly and technological monopoly?
Geographic monopolies occur when there is only one company that offers a particular good or service in an area. Technological monopolies occur when the good or service the company provides is has legal protection in the form of a patent or copyright.
Where is the boardwalk from Monopoly?
In classic Monopoly, it is the dark-blue monopoly : only Boardwalk and Park Place.
When one group controls an industry or market by being the only provider is?
Monopoly.
Give me an example of companies that are a pure monopoly?
There are many legal monopolies. The United States Postal Service is the only letter mail provider and is government funded to make it run at a loss.
Is a monopoly legal in America?
There are regulations. Monopoly means that there is one firm available to do a service. That is NOT illegal. If you are the only one who knows how to build a plane, you are the only one who can manufacture it. Monopolies are mainly done with patents, copyrights, etc. So if I can build a device that can make you fly, I don't have to tell everyone my secrets. I get get a patent. You can consider me a monopoly, but what I am doing is NOT illegal. Monopolies are also made, in a way, with government contracts. For example, if your city hires a company for water or electricity, that is the only company available in your area and therefore a monopoly, but NOT illegal, there is simply nobody else who can do the business. If however, you do not have a patent for something or you use a general idea and get everyone else out of business, then you are a monopoly that IS illegal.
How did Henry Fords monopoly start?
Henry Ford's monopoly started because he was the only vehicle company at the time.
What is the name of a market where there is only one provider?
A monopoly
What is the name of the market where there is only one provider?
A monopoly
