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Does the FBI investigate a illegal monopoly?
Broad answer is... yes, they could.
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
Is a monopoly legal in America?
There are regulations. Monopoly means that there is one firm available to do a service. That is NOT illegal. If you are the only one who knows how to build a plane, you are the only one who can manufacture it. Monopolies are mainly done with patents, copyrights, etc. So if I can build a device that can make you fly, I don't have to tell everyone my secrets. I get get a patent. You can consider me a monopoly, but what I am doing is NOT illegal. Monopolies are also made, in a way, with government contracts. For example, if your city hires a company for water or electricity, that is the only company available in your area and therefore a monopoly, but NOT illegal, there is simply nobody else who can do the business. If however, you do not have a patent for something or you use a general idea and get everyone else out of business, then you are a monopoly that IS illegal.
What is a monopoly and what are the benefits to owning a monopoly?
A monopoly is when you own/dominate an industry.eventually you will be so powerful you will either buy out competitors or run them out of business.After you do that you are the only person that is able to provide your services.So since you are the only one standing you can name your price and the customer will have to pay you.no one else just you.NOTE:it is now illegal to own a monopoly
What is a near monopoly?
A monopoly is when one store has an important piece of merchandise that no other store has, so they increase the price on that product thus making more money than the other stores. This is now illegal in the U.S
When were monopolies made illegal?
They weren't. Microsoft is a monopoly, the federal reserve is a monopoly.
Does the FBI investigate a illegal monopoly?
Broad answer is... yes, they could.
Can a pure monopoly really exist?
yes. even tho its illegal in the US other countries still allow monopoly. like mexico
Is a monopoly legal in America?
There are regulations. Monopoly means that there is one firm available to do a service. That is NOT illegal. If you are the only one who knows how to build a plane, you are the only one who can manufacture it. Monopolies are mainly done with patents, copyrights, etc. So if I can build a device that can make you fly, I don't have to tell everyone my secrets. I get get a patent. You can consider me a monopoly, but what I am doing is NOT illegal. Monopolies are also made, in a way, with government contracts. For example, if your city hires a company for water or electricity, that is the only company available in your area and therefore a monopoly, but NOT illegal, there is simply nobody else who can do the business. If however, you do not have a patent for something or you use a general idea and get everyone else out of business, then you are a monopoly that IS illegal.
Whats a corporation that did nothing but buy out the stock of other companies?
It is called a monopoly, monopolies are illegal in the United States. One example of a monopoly is commonly viewed as the Microsoft company, although it has not been proved to be a monopoly many consider it to be.
Who wrote a two volume history exposing the standard oil company's illegal monopoly?
Ida Tarbell in 1904
What is a monopoly and what are the benefits to owning a monopoly?
A monopoly is when you own/dominate an industry.eventually you will be so powerful you will either buy out competitors or run them out of business.After you do that you are the only person that is able to provide your services.So since you are the only one standing you can name your price and the customer will have to pay you.no one else just you.NOTE:it is now illegal to own a monopoly
What is a monopoly and explain the benefits to owning a monopoly?
A monopoly is when you own/dominate an industry.eventually you will be so powerful you will either buy out competitors or run them out of business.After you do that you are the only person that is able to provide your services.So since you are the only one standing you can name your price and the customer will have to pay you.no one else just you.NOTE:it is now illegal to own a monopoly
What is a near monopoly?
A monopoly is when one store has an important piece of merchandise that no other store has, so they increase the price on that product thus making more money than the other stores. This is now illegal in the U.S
Can a company charge whatever they want if there are no competitors?
Technically, yes, but there would never be such a situation in U.S., as that would be monopoly, which are illegal.
Why are monopolies illegal?
They are not. Although some like for example con Edison are but, they are a "natural / limited monopoly" in other words they are extremely regulated by the government.
What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil?
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
