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What happens if you land on the Electric Company in Monopoly?

If you land on the Electric Company in Monopoly, you must pay the owner a fee based on the roll of the dice or a set amount specified in the rules.


Who company is monopoly in Pakistan?

pakistan telecommunication company limited is a monopoly firm in pakistan. a monopoly firm is the one which has no competitors.


What is a company that has control of an entire industry?

A monopoly


What role does the electric company play in the game of Monopoly?

In the game of Monopoly, the electric company is a property that players can purchase and own. When another player lands on the electric company space, they must pay rent to the owner. The electric company is one of the utility properties in the game, along with the water works.


Example of a monopoly company?

Petroleum Company


The situation in which a single company controls an entire industry is called what?

a trust


When a company has no competition in selling its products it is said to have?

Monopoly


Why are industries regulated to prevent monopolies?

If one company were to become a monopoly then consumers would not have a choice as to who to give their money to. Consumer choice and competition are cornerstones of capitalist economies, and to preserve them we must put measures into place that prevent the rise of monopolies.


What is the word for company with no competition?

monopoly


What is the term used for a company that is buying another company?

monopoly?


Which company had a monopoly in the late 1800s?

Standard Oil Company


What it is called when a single company is strong enough to control an entire industry?

A monopoly