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There are a number of legal monopolies in the US. One is the postal service. Sure, there are several courier services, but only one official mail service. Could you imagine if you had to put up 10 different mail boxes, one for each mail carrier? The power company, water company, and fire departments are others.
What else can I help you with?
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
Why do corporations exist?
The reason that corporations exist is to serve people. They are there to provide jobs, services, products, and benefits.
Why were corporations better for large businesses than partnerships?
Corporations could continue to exist after managers died. Corporations could quickly raise money by selling shares of stock. Corporations can grow much faster.
Why do more multinational corporations exist today than in the past?
because of globalization.
What does monopoly mean in us history?
A monopoly is when a single person or business own and controls every part of a industry. In US history, monopolies or trusts began to appear in the 1850's. Men such as Rockefeller, Carnegie, Vanderbilt and Morgan all owned huge monopolistic corporations in oil, steel, railroads, and banking. These corporations enabled prices to drop because the consolidation of production was more economical. On the other hand, they also singularly controlled prices, often to the demise of the commoner. These corporations were eventually broken up by presidents Roosevelt and Taft in the beginning of the 1900's.
What actions did president Roosevelt take against large corporations and railroad?
President Theodore Roosevelt was concerned about the monopoly powers of large corporations. He pioneered the efforts to control large corporations by the use of anti-trust legislation. He has left an outstanding record as US president for his actions.
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
Why do corporations exist?
The reason that corporations exist is to serve people. They are there to provide jobs, services, products, and benefits.
How does a monopoly increases a corporations profits?
by eliminating competition to control prices
How many types of monopoly exist in the market?
There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.
Why technological monopoly is allowed?
It is not encouraged and does not exist in practice.
What are some sentences using the word monopoly?
"Monopoly suppliers are publicly owned." "Monopoly of wisdom." "Monopoly of truth seems to threaten us."
Why were corporations better for large businesses than partnerships?
Corporations could continue to exist after managers died. Corporations could quickly raise money by selling shares of stock. Corporations can grow much faster.
What is another name for a giant business combination made up of many corporations doing the same kind of business?
Monopoly .
A monopoly may exist because?
if you have all of the proporties of the same suit. ex: boardwalk and parkplace. you have all of the proporties so hence a monopoly.
How many different versions of Monopoly exist?
There are over 300 different versions of Monopoly that have been created, featuring various themes and editions.
Did corporations develop rapidly in the 1830s when legal obstacles to their formation were removed?
"Corporations" did NOT exist in the 1830s, and in fact, there were very few "companies".
