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.
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Examples of volatile liquid anaesthetic include isoflurane, desflurane, and sevoflurane and halothane
<h3>What are volatile liquid anaesthetics?</h3>
These are liquids or fluids that make use of vaporizers to administer inhalation in patients.
The major anaesthetics used in practise is the nitrous oxide. Other examples of volatile liquid anaesthetic include isoflurane, desflurane, and sevoflurane and halothane
Learn more on volatile liquid anaesthetics here: brainly.com/question/5637444
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