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.
Is based on supply and demand. With little or no government control. Buyers and sellers are allowed to transact freely if on mutual price agreement without state interfering in the form of taxes, subsidies or regulation.
Surplus
Explanation:
If they lower the price the demand will increase.
<span>The purpose of the work.A summary of its content.Information about the author(s)For what type of audience the work is written.Its relevance to the topic.Any special or unique features about the material.<span>Research methodologe </span></span>
The public approved of Martin Van Buren because he was sticking policies similar to Andrew Jackson, the previous president. Jackson also helped campaign Buren. Buren supported lower tariffs while his opponent, the Whig Party, did not. He also advocated free trade and set up system of bonds for the national debt.
