Answer:
Monopoly occurs when there is a no competition and business owners can set any prices for goods.
Explanation
A monopolistic market structure arises when a single entrepreneur dominates and controls the market for a given product and service.
Sometimes the state creates legal barriers to entry into the industry by granting exclusive rights to individual firms to manufacture and sell certain types of goods or services (licenses) or by granting patents that protect copyrights. In this case, it is about a closed monopoly, implying its legal protection from competitors.
In case of open monopoly, a firm may be the only seller if it enters the market with a completely new type of product or service. Competitors for this company will appear only after some time, during which the company will be a monopolist. This kind of monopoly is called open, because the company does not have any special protection against competition.
The answer is T, or True. Section VIII of Article I states that they can borrow money on the credit of the US.
Answer:
Some restrictions on business ownership and business activity.
<span>This mostly depends on the time period, but at first they respected them and shared land with them, even though they didn't consider them to be equal. Later, after the British rule and the Anglo-Boer wars, the policy of apartheid was adopted by the boers too and when they came into political power they continued it which made them much more conservative and horrifying towards the locals.</span>
