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Why do you say so that meralco is a perfect example of monopoly in the Philippines?
Meralco, or the Manila Electric Company, is often cited as a perfect example of a monopoly in the Philippines because it is the largest electric distribution utility in the country, serving a vast majority of Metro Manila and surrounding areas without significant competition. It operates under a franchise granted by the government, which limits other companies from providing similar electric services in its coverage area. This lack of competition allows Meralco to exert significant control over pricing and service delivery, characteristic of monopolistic markets. Additionally, regulatory oversight by the Energy Regulatory Commission does not fully mitigate the monopolistic power Meralco holds in the region.
What else can I help you with?
Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is perfect monopoly?
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.
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
The opposite of perfect competition is?
It's a monopoly.
How is monopoly different from perfect competition?
i like monopoly the car and the dog are the best love jamie and callum
Example of pure monopoly in the Philippines?
The Meralco Electric Company is a perfect example of monopoly in the Philippines
What is perfect monopoly?
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.
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
The opposite of perfect competition is?
It's a monopoly.
How is monopoly different from perfect competition?
i like monopoly the car and the dog are the best love jamie and callum
Why is Perfect Competition as a model better for society than unregulated Monopoly?
Perfect competition allows for fairer price structures than those that would likely be seen in a monopoly.
What are the two extreme market structure?
Perfect competition and monopoly
Types of Market Competition?
Perfect Competition, Monopoly, Monopolistic Competition or Oligopoly
Different types of market structure?
monopoly,perfect competition,monopolistic competition,
Name the four kinds of industry infrastructure?
perfect, monopolistic,oligopoly, and monopoly
What are the four types of economic competition?
pure or perfect, monopolistic, oligopoly, and monopoly
What conditions does competition occur?
What is the difference between perfect competition and pure monopoly
