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Which of these industries has not been considered a natural monopoly in the past 30 years?

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What industry did Andrew carnegie control as a monopoly?

He controlled the steel corporation called Carnegie Steel Corporation. He started by working as an assistant to one of the railroad's top officials and about 3 years later he was promoted to superintendent of the company.


What is theage limit for monopoly?

8 years and older (that's what my game says)


How much was monopoly in the 1930s?

In the 1930s, the price of the Monopoly game varied, but it typically sold for around $2 to $3 when it was first introduced in 1935. This price was considered quite affordable during the Great Depression, making it an appealing option for families looking for affordable entertainment. Over the years, the game's popularity led to various editions and price adjustments, but the original price reflected its accessibility to the average household at the time.


Why do governments regulate natural monopolies?

Certain types of monopolies exist and are allowed in a free market system. Here are some examples: * When a patent is granted to, as example, a drug company, for a new drug, the company has sole rights to the manufacture of the drug for 17 years. Thus this company has a legal and natural monopoly; * A key resource is owned by a single company. A clear instance of this is found by examining the De Beers company. De beers owns over 80% of the world's diamond mines and production. This is a rare form of monopoly however; and * A natural monopoly begins when a single company can supply an entire market at a lower cost than can two or more other companies. Common examples of this are utility companies. It should be noted however, that in these cases, a regulatory body must give the utility permission to raise prices.

Related Questions

Which of these industries has not been considered a natural monopoly in the past 30 years?

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Was Ford Motor Company ever considered a monopoly?

In the early years from 1908 until the early 20s some people felt they had a monopoly as they were selling cars as fast as they could build them. Nothing ever became of it.


How do you upload photos to my monopoly on PS4?

The My Monopoly app was discontinued years ago.


How long has rice been a viable industry in the U.S.?

Although rice is not considered a major American crop, the American rice industry is more than 300 years old.


Are horses considered nature?

Horses are a natural product created by nature through millions of years of evolution.


What industry did Andrew carnegie control as a monopoly?

He controlled the steel corporation called Carnegie Steel Corporation. He started by working as an assistant to one of the railroad's top officials and about 3 years later he was promoted to superintendent of the company.


Did the word monopoly come first or did the board game Monopoly coin the word?

The word came first by a long margin, around 400 years.


What is theage limit for monopoly?

8 years and older (that's what my game says)


How many different versions of Monopoly have been produced over the years?

About 1,000.


Why are coalpetroleum and natural gas considered as nonrenewable if they were from dead plants and animals?

Coal, petroleum and natural gas took millions of years to form. Which is why they are classed as non-renewable resources.


What ages can play monopoly?

Anyone old enough to understand the concept of strategy and basic arithmetic can play monopoly. I would say about 7 years and up, maybe younger.


Are sales engineer jobs considered a growth industry?

I don't think so. For the last ten years, sales engineer jobs could be considered a growth industry because there are more merchandises need to participate international trade. But for now, as technology developed so fast, the demand for sales engineer are declined.