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What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Is a diamond a natural monopoly?
No.
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
An example of a natural monopoly would be a congested public freeway. an airline flight that has been overbooked. local cable television service. public parking?
I would have to say a local cable tv service. It is the only one that would fit the description at all. I chose it because as the only cable provider in the area (hypothetically), there would be no competition for it, thus creating a natural monopoly on all cable business in the area.
Can higher education be classified as a natural monopoly in European countries and why?
Higher education cannot be classified as a natural monopoly in European countries. That is because there are private and public providers of the education service.
What is the difference between the term 'monopoly' and 'natural monopoly'?
The difference between the term 'monopoly' and 'natural monopoly' is a monopoly is a market situation one group controls the availability and price of a service or item. A natural monopoly is a service or item that is provided by a single sorce. An example would be transportation like buses, or taxies.
Where do the conditions of the market make unified control necessary or desirable to the public interest?
In a natural monopoly, the conditions of the market make unified control necessary or desirable to the public interest.
Is a diamond a natural monopoly?
No.
What are the four conditions in place in a perfectly competitive market?
the economy Major of those four are the natural monopoly. geographic monopoly, govrnement monopoly. technological monopoly.
A monopoly permitted by and regulated by the government for its greater social good such as a telephone company?
natural monopoly
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
Is the market for duty free shopping a natural monopoly?
The market for duty-free shopping is not a natural monopoly. Duty-free shops sell products to travelers who take them out of the country. Natural monopoly only occurs if there is a high cost of starting a business in a particular industry.
An example of a natural monopoly would be a congested public freeway. an airline flight that has been overbooked. local cable television service. public parking?
I would have to say a local cable tv service. It is the only one that would fit the description at all. I chose it because as the only cable provider in the area (hypothetically), there would be no competition for it, thus creating a natural monopoly on all cable business in the area.
How did railroads create a natural monopoly?
good job
What is an natural monopoly?
A natural monopoly exists when a single firm can supply a good or service to an entire market at a lower price than could two or more firms. Generally it arises when there are economies of scale over the relevant range of output.
Is education public or private good?
Education can be public. Education can also be private.
