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When a company is monopolized free enterprise is destroyed, that industry's product prices are reduced, business generally prospers and consumers generally don't.

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Q: What happens when a company is monopolized?
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What happens when a compamy is momopolized?

The correct term and spelling is monopolized instead of monopolized. When a company is monopolized it is taken over and becomes part of a monopoly. Monopolies are bad for economy because they are able to set any price they want and raise prices.


When an industry was monopolized by one company or trust during the Gilded Age what happened to workers and rsquo wages?

i dont know


What country monopolized the slave trade until 1600?

Portugal essentially monopolized the slave trade until 1600.


Two Italian cities that once monopolized trade with the far east?

Venice was one of the two Italian cities that monopolized trade with the far east.


Which Renaissance leader monopolized trade?

vaginaaa.


What positive thing did Andrew Carnegie do for his steel company?

He monopolized it. Which meens he made it so others coulden't make the same industry like him or produce the same in that town...i believe.


What were the 2 major resources India had for the british?

The British East India Company, which monopolized trade in India, traded mainly in cotton, silk, indigo dye, saltpetre, tea, and opium


What was Mycenaean's government?

Kings who also monopolized priestly functions.


Who monopolized the oil refining industry?

John D. Rockefeller


Can natural resources be monopolized?

They can but that would mean the natural resource only occurs in one particular area. Then one company/group could monopolize the use of it by buying the all of the land it occurs on.


What kind of government did the mycenaeans have?

The system of government was by kings, who also monopolized priestly functions.


What did john d Rockefeller do to monopolized the oil refining business?

creating a trust