Answer:
Monopolies hinder competition because by definition, they are anti-competitive.
Explanation:
A monopoly is a firm that is the sole provider of a good for which there are no close substitutes.
Monopolies charge higher prices than they would in a competitive enviroment, and for this reason, they benefit the monopoly at the expense of the consumers.
Governments can set several policies to reduce monopoly power. One policy is simply to prohibit monopolies from forming, which is the case for most industries in developed nations.
Another policy is to simply take over the monopoly, and make it a public enterprise, so that the extra economic benefits of the monopoly are shared with the people (at least in theory).
Answer:
A
Explanation:
I know the answer THX to the textbook
Answer: Effects may include significant improvements in human quality of life and life span, high rates of industrial turnover, lifetime worker training, continued globalization, reshuffling of wealth, cultural amalgamation or invasion with potential for increased tension and conflict, shifts in power from nation states to non ...
Explanation:
The answer is C. it put japan on the defensive
<span>The election of 1860 saw the destruction of the Whig party because of the institution of slavery. The party was divided by those who supported slavery and those who did not. This is what caused the Whig party to fall to pieces.</span>
