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For one, their may be somewhat close substitutes. Microsoft may still advertise because there is the threat of Mac OS, Unix, etc. Major League Baseball faces threats from other sports and non-pro ball.
Monopolists still need to inform their customers of new products or services, as well as maintain their brand image.
whaty
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∙ 16y ago
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Which is the reason why there is no advertising by individual firms under pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
What are the four types of monopolies?
natural, geographic, technological, government
What is breaking up monopolies called?
what is breaking up of monopolies call
What was Woodrow Wilson's thoughts on monopolies?
Wilson felt that monopolies were bad.
Give me an example of companies that are a pure monopoly?
There are many legal monopolies. The United States Postal Service is the only letter mail provider and is government funded to make it run at a loss.
What prevents a pure monopoly from occurring?
Monopolies are usually bad for society so governments either nationalise them or regulate them.
Which is the reason why there is no advertising by individual firms under pure competition?
Under pure competition, firms produce a homogeneous product, so there is no reason to advertise. Pure competition is also known as perfect competition.
Does monopolies exist?
Yes, monopolies exist when a company dominates a particular industry and controls a large portion of the market. This can lead to less competition, higher prices for consumers, and less innovation in the industry. Governments often regulate monopolies to promote fair competition.
People who opposed monopolies argued that monopolies?
Eliminated competition
What did Woodrow Wilson view monopolies as being?
monopolies were bad
What are the four types of monopolies?
natural, geographic, technological, government
What does 75c stamped on gold mean?
It means its 75% pure gold...much more and it would be too soft to wear. Be aware, cheats will advertise .75c which is less than 1% pure gold.
What is breaking up monopolies called?
what is breaking up of monopolies call
What was Woodrow Wilson's thoughts on monopolies?
Wilson felt that monopolies were bad.
How did Wilson approach the problem of monopolies?
He used the law to restrict the actions of monopolies.
Give me an example of companies that are a pure monopoly?
There are many legal monopolies. The United States Postal Service is the only letter mail provider and is government funded to make it run at a loss.
Why was roosevelt against monopolies?
Teddy r. felt monopolies were unfair to business competition
