Define and give examples of natural monopolies explain why they are allowed to exist in our free market system

Social Studies

1 answer:

nata0808 [166]3 years ago

4 0

Natural monopolies and the reason to exist in the free market system

Explanation:

In a natural monopoly when a market can supply goods or the cost of the goods can be lowered in competition with the potential competitor then it is called as natural monopoly. In a market when the first supplier of the product is demanding more cost or raises the costs of the product then it eventually rises to natural monopoly.

Here the products are given at a lower rate than the capital supplier. They are available in free market because people always tend to go for lower prices and for a good quality product.

You might be interested in

How did Socrates challenge the values of the people of Athens

Licemer1 [7]

He made people think about important values and believes.

7 0

2 years ago

Read 2 more answers

The conclusion from the experiment in which a chess master and a chess novice (beginner) were asked to remember the positions of

fiasKO [112]

Answer:B chess masters have developed better memory skills than novices.

Explanation: DeGroot in 1965 carried out a research concerning the performance of Chess masters,experienced players and Novices in a chess game.

De Groot in 1965 discovered that Chess masters and experienced players have developed memory skills than Novices and are able to were able to remember the positions and the configuration of chess pieces on a chess board.

7 0

3 years ago

True or false; the source of sediment for the Morrison formation are the cordilleran highlands to the east?

notsponge [240]

the source of sediment for the morrison formation is true

5 0

3 years ago

Natasha has $1000 to open a checking account. She can maintain a monthly balance of $600. She also has a savings account at the

ikadub [295]

Answer: This is in the wrong subject and this isnt a question. please fix

Explanation:

7 0