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What are the four types of monopolies?
natural, geographic, technological, government
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
Why natural monopolies exist?
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
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 are the four types of monopolies?
natural, geographic, technological, government
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
What is an essential government role in market economies?
to prevent monopolies and collusion (plato)
What can the government do to prevent monopolies?
The Government should invite other concerns also to have a healthy competitive atmosphere for preventing monopolies.
Why natural monopolies exist?
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
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.
Why government grants patented monopolies?
There are no patients monopolies. There are patients that are for items made by people or companies.
Are patents trademarks and copyrights all government granted monopolies?
Yes; patents and copyrights are temporary monopolies.
In the late 19th century monopolies most harmed the economy by?
Government mandated monopolies hurt the economy by forbidding competitors that would have lowered prices. The non-government monopolies, who just were monopolies for being so great at offering the lowest prices and best products, did not harm the economy.
What is an antitruster?
An antitruster is a government agent who investigates monopolies.
What was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
Why does governments usually approve of natural monopolies?
The government action insures that we don't waste resources building additional plants when only one is needed. In return, a firm with natural monopoly agrees to let government control the prices it can charge and what services it must provide
