0
What laws are designed to control monopoly power and to preserve and promote competition?
Wiki User
∙ 13y ago
Antitrust or Antitrust Laws
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What does monopoly employing horizontal integration mean?
A monopoly employing horizontal integration means what?
What is monopoly and how price and output decisions taken under monopoly?
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
What best states the main difference between a monopoly and a monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
What is the end result of the creation of a monopoly?
One company controls a whole industry.
What is A situation in which a company or group of companies has enough control over an industry to be able to affect prices and availability of products?
A monopoly, hence anti-trust and competition legislations
What laws are designed to control monopoly power and preserve and promote competition?
Antitrust
What laws are designed to control monopoly power and promote competition?
antitrust
How does a monopoly increases a corporations profits?
by eliminating competition to control prices
How does a monopoly increase a corporation profit?
by eliminating competition to control prices
What does monopoly employing horizontal integration mean?
A monopoly employing horizontal integration means what?
What is the primary goal of both monopoly and a cartel?
To control competition and keep prices high
What is monopoly and how price and output decisions taken under monopoly?
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
When a company controls the entire market and eliminates it's competition it's called a?
Monopoly. A monopoly occurs when a single company dominates the market and has the power to set prices and control supply without facing significant competition.
What is the meaning of monopolies?
Monopoly is the control of a commodity or service in a particular market or the manipulation of prices. The control is exclusive.
What best states the main difference between a monopoly and a monopolistic competition?
monoplistic competition involves slightly differentiated products while monoply involves a single product.
Is it a good policy for governments to completely eliminate monopoly power?
no monopoly is better in some organizations because i it gives economy of scale and its gives better services because of its large scale business but monopolistic competition is better than monopoly because in monopolistic competition , organization has discretionary power on either quantity or price but in monopoly organization have more control on price or supply than monopolistic competition and can charge price of its own will.
What term best explains what exists when one person or company has exclusive control over a particular good or service?
When a single person or company has exclusive control over a good or service it is called a monopoly. Monopolies are characterized by a lack of competition in the market.
