Answer this question… Only one company offers bus service to a major city.
The Meralco Electric Company is a perfect example of monopoly in the Philippines
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
One business would control an entire industry
USPS (united states postal service)
Tesco is a fine example of a monopoly in the UK
a example of a
Petroleum Company
Meralco :)
The Meralco Electric Company is a perfect example of monopoly in the Philippines
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Mono refers to one. A monopoly means that one person or on family possesses or own everything or many businesses.
One business would control an entire industry
USPS (united states postal service)
Listening to information, and then thinking on it and processing it would be an example of reflecting.
you can make a sentence using any word. for example: "I love monopoly." said Sammy, as they walked to the game hall.
A perfect monopoly is where a company that makes goods and services has absolutely no competition from anyone else. For example, Coca Cola is already on its way to a perfect monopoly although companies like Pepsi are still competeing.