Identify one advantage and two disadvantages of a monopoly.

1 answer:

5 0

A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it.
It's bad because it defeats competition between other competing companies, and prices will go up
It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money
Hope this helps!

You might be interested in

Why do we need government support?

MrRa [10]

Answer:

Government is necessary because it keeps order and people from doing whatever they want

Explanation:

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

3 0

3 years ago

Read 2 more answers

The physician has asked the medical assistant to provide patient education for hypertension. What is the best way to provide thi

Stolb23 [73]

C, in a private exam room. Telling someone in the waiting room is a clear violation of HIPAA laws, and you're skirting the line at the discharge window. There are too many inherent risks with email: the account on file may be an account multiple people can access; you might have the wrong address, even if due to a typo; and so on. Discussing care in an exam room is the best way to maintain HIPAA compliancy.

8 0

3 years ago

Sophia Martin's goal has been to travel around the world. She has now been traveling for six months and she has decided she is a

Usimov [2.4K]

Answer:

Identifying alternative course of action

Explanation:

In this scenario Sophia made an initial financial plan in which she would travel around the world.

As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.

This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.

3 0

3 years ago

A 401(k) plan and the nonprofit equivalent, called a 403(b) plan, are______ reduction plans that reduce your salary by the amoun

castortr0y [4]

A 401(k) plan and the nonprofit equivalent, called a 403(b) plan, are salary reduction plans that reduce your salary by the number of your contributions and result in a lower current tax liability. This is further explained below.

<h3>What is tax liability?</h3>

Generally, Both a 401(k) plan and its counterpart for nonprofit organizations, known as a 403(b) plan, are types of salary reduction plans. These programs cut your pay by an amount equal to the number of contributions you make and result in a reduced tax burden for the current year.

In conclusion, Your financial obligation to the government in the form of taxes is referred to as your tax liability. It is the entire amount of money that you are required to pay to the government as part of your obligation to pay income tax on profits such as salary, business, interest on income from investments, capital gains, and prizes from lottery tickets.