Answer:
Monopolies limits competition in the market.
In a natural monopoly, a producer controls the market because it is able to meet the demands of all consumers.
In a government monopoly, a producer controls the market by the authority of the government, and private production cannot take place.
In a technological monopoly, a producer controls the market by holding a patent on the process of creating a specific good.
Explanation:
- natural monopoly: exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry. A producer might be the only provider or a product or service in an industry or geographic location.
- government monopoly: A forced form of market domination whereby a national, regional or local administration, agency or corporation is the sole provider of a particular good or service and competition is prohibited by law. A government monopoly is generally created and run by a government, rather than by a private business.
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technological monopoly, a producer controls manufacturing methods necessary to produce a certain product, or has exclusive rights over the technology used to manufacture it.
Answer:
India is home to the world's oldest faiths, Hinduism and Buddhism, as well as Jainism. All three emerged from similar beliefs and traditions, such as rebirth, karma, and freedom and obtaining nirvana. These beliefs and traditions emerged in the Indus River Valley approximately 3500 BCE.
Explanation:
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Temperate soils are generally viewed as more favorable to agriculture.
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<span>The answer is false. The economic cost to society of speeding- linked crashes is projected by NHTSA to be $40.4 billion per year. In 2008, speeding was a contributing factor in 31 out of a hundred of all deadly smashes, and 11,674 lives were lost in those crashes. The entire economic cost of smashes was assessed at $230.6 billion in 2000.</span>
Answer:
There is competition and free enterprise
Explanation:
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