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)
you can make a sentence using any word. for example: "I love monopoly." said Sammy, as they walked to the game hall.
Listening to information, and then thinking on it and processing it would be an example of reflecting.
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.