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One condition that leads to the rise of a monopoly is the ability of one company to buy another similar company out. Another condition occurs when one company lowers prices in such a way to drive another company out of business.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoLack of competition or private competition not allowed,. Very few are allowed by the Governement. oil companies are one, medical might become another.
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How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
What did Andrew Carnegie use to create a monopoly?
toothpaste
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
How did a trust allow John D. Rockefeller to create a monopoly over the American oil industry?
Yes.
What does someone have if they create a monopoly of a market for a particular product have?
total control.If someone creates a monopoly of market for a particular product, they have nearly all control over the sales and distribution of that product. This is bad for consumers, as it generally means high prices without the ability to shop around for a cheaper product or service.
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
How did railroads create a natural monopoly?
good job
What did Andrew Carnegie use to create a monopoly?
toothpaste
Can you use Game Salad to create a Monopoly type game?
yesss
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
How do you create a monopoly game board online without a printer?
Monopoly.com has something about it but you have to pay
How might monopoly affect prices?
a monopoly if it has a high demand can push prices up simply people will pay for something that is in demand where as a monopoly with low demand will carry on selling the item for less but the way a monopoly works means that the person who is operating the monopoly will shift the supply lower to always push the price up.
How did a trust allow John D Rockefeller to create a monopoly over the American oil industry?
Yes.
What will be the consequences if a large airline comes to domiante global air?
If a large airline begins to dominate global airlines, it could create a monopoly. A monopoly can result in higher prices and poorer service.
What was the main reason that the Dutch East India Company was established in 1602?
To create a monopoly in trade with Asia and Africa.
How did a trust allow John D. Rockefeller to create a monopoly over the American oil industry?
Yes.
What were the two methods that Carnegie and Rockefeller use to create companies that were deemed as monopolies?
1.)Vertical Integration: a process in which you buy out the other competitors in order to be the only one left, creating a monopoly 2.)Horizontal Integration: companies that produce the same products merge together, to create a monopoly
