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Which of the following is true about a firm with a natural monopoly?
Wiki User
∙ 11y ago
It ususally agrees to allow the government to control the price and service provided.
Wiki User
∙ 11y ago
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When Which one of the following is true about a firm with a natural monopoly?
A natural monopoly is likely to arise when economies of sale exist over the relevant range of demand.
Is monopoly based on a true person?
yes, he was a true person
Why San Miguel Corporation is monopoly?
yes san miguel is monopoly becuz the owner of san miguel and the owner of monopoly have sex and got married that is y its true
Compare monopoly and monopolistic competition?
A monopoly is a market which has only one firm, the firm has market power, and there are barriers to entry. The long run profits for a monopolist may be greater than zero. Monopolistic competition is more closely related to perfect competition than monopoly. In monopolistic competition, there are many firms in the market. However, each firm has product differentiation. An example of monopolistic competition would be the jeans industry. There are many different types/quality of jeans e.g. True Religion, Levi's and Lee's. Products are somewhat differentiated, but, as in perfect competition, the long run profit = 0. Oligopoly is a market in which there are only a few firms, each firm has market power, and there is much product differentiation between the firms. The long-run profit of oligopoly can be greater than zero, because there are barriers to entry in the market.
How does a corporate monopoly impact competition?
Monopolies harm the economy because the products of the monopoly can be inferior and because it restricts free trade. also, it makes it nearly impossibe for a small business in the same industry to be successfull because the monopoly's prices are usually lower than is possible for a small business to set without losing money.
When Which one of the following is true about a firm with a natural monopoly?
A natural monopoly is likely to arise when economies of sale exist over the relevant range of demand.
What is the position of supernormal profits for a firm that is a monopoly?
true
What is true about firm with a natural monopoly?
A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it impractical to have more than one firm producing the good. An example of a natural monopoly is tap water. It makes sense to have just one company providing a network of water pipes and sewers because there are very high capital costs involved in setting up a national network of pipes and sewage systems. To have two different companies offering water, wouldn't make sense as the average cost would be very high compared to just one. There would also be the inconvenience of having two firms dig up the road to lay a duplicate set of water pipes. It usually agrees to allow the government to control the price and service provided. (gradpoint)
Which of the following is true about "natural" steroids?
They are safe substitutes for
Is monopoly based on a true person?
yes, he was a true person
If a firm can maximize its profit by producing output where price is equal to its marginal cost in which type of market is the firm operating?
The firm is operating in Perfect markets. In perfect markets (Perfect competitions), the firm can maximize its profit when its MC is equal with its MR. And in perfect markets, usually the following condition is true: (MR = AR = P). So, in equilibrium which is also the profit maximizing point for a firm, the following condition is a must: MR = AR = P = MC.
Why San Miguel Corporation is monopoly?
yes san miguel is monopoly becuz the owner of san miguel and the owner of monopoly have sex and got married that is y its true
Wilson did not oppose monopoly business True or False?
False.
Compare monopoly and monopolistic competition?
A monopoly is a market which has only one firm, the firm has market power, and there are barriers to entry. The long run profits for a monopolist may be greater than zero. Monopolistic competition is more closely related to perfect competition than monopoly. In monopolistic competition, there are many firms in the market. However, each firm has product differentiation. An example of monopolistic competition would be the jeans industry. There are many different types/quality of jeans e.g. True Religion, Levi's and Lee's. Products are somewhat differentiated, but, as in perfect competition, the long run profit = 0. Oligopoly is a market in which there are only a few firms, each firm has market power, and there is much product differentiation between the firms. The long-run profit of oligopoly can be greater than zero, because there are barriers to entry in the market.
How true about firm 24k incregistration form?
so true believe me
Are the boundaries between the five areas of chemistry firm?
true
Is it true that if a firm is profitable its survival is guaranteed?
No. A lot of things can cause a profitable firm to collapse.
