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To mitigate the risk of monopoly in the market, measures such as enforcing antitrust laws, promoting competition through regulations, encouraging new market entrants, and fostering innovation can be taken. These actions help prevent a single company from dominating the market and harming consumers.
What else can I help you with?
What measures has government taken against untouchables?
Measures. Taken by government for Untouchabilty
Measures taken to check ozone layer depletion?
There are various measures taken. Ban on CFC's is one of them.
What measures should be taken to avoid the threat of rodents?
what measures should be taken to avoid the threats of rodents
Can you make a sentence using the word mitigate?
Mitigate means to reduce or limit the harm caused by something. Using plenty of ice helped keep his sore muscles from getting worse. We were able to mitigate the traffic problems after the accident by stationing a police officer in the intersection. Watering the soil worked to mitigate the dust at the construction site. Mitigation refers to the measures taken to reduce the effects of a disaster. Example:Avoiding construction of buildings in low lying areas in flood prone areas.
What are some factors that can lead to a monopoly?
When one business or company dominates its area and squeezes out all its competition, the result is the consumer does not have a free choice, and inevitably the price of it's products or services...
Any present or past examples for Monopoly and perfect competition?
Petrol Bunks are best example for perfect competition.The reason is all sellers sell same product with same price .The product differences if any is also same (like ordinary petrol /diesel & extra premium petrol /Diesel) Stock market also exhibits perfect competition. In oligopoly market there are different sellers with product differential being wide in terms of technology & price. E.G, Mosquito repellents ,where cotton nets with repellent coating, coils, electronic repellents, repellent frequency sound wave repellents are seen in markets .Buyers who are rich will buy costly repellents & others will buy low priced items. Monopoly market represent single seller & many buyers. LIC India enjoyed for many years monopoly in Life Insurance market. Railways in India is monopoly controlled by Central Government Railway Ministry . similarly petroleum product distribution is dealt by Petroleum ministry. Oil & Natural Gas Commission is having monopoly. Any producer with break through technology offers a product or service having no competitors enjoys monopoly. For sometime Maruti Udyog Ltd enjoyed monopoly over their spare parts.
What are the measures to protect environment?
what measures are taken to protect the environment in Canada
What precautionary measures are taken there to minimize the damage caused by the tsunami?
what precautionary measures are taken to minimize the damage caused by the tsunami
What is the Price elasticity of demand in each of the four market structures - perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is the Price elasticity of demand in each of the four market structures perfect competition monopoly monopolistic competition and oligopoly?
Perfect competition is perfectly elastic (taken from my Economics textbook)...still searching on the other three.
What is monopoly and how price and output decisions taken under monopoly?
Monopolistic competition refers to the the exclusive possession or control of the supply or trade in a commodity or service.
What safety measures should be taken to prevent potential disasters caused by a giant sinkhole?
To prevent disasters caused by a giant sinkhole, safety measures such as regular monitoring of land for signs of instability, reinforcing infrastructure in high-risk areas, and implementing early warning systems can be taken. Additionally, restricting development in sinkhole-prone areas and educating the public on sinkhole risks can help mitigate potential disasters.
