All categories

3 years ago

Distinguish between Natural and artificial monopolies

2 answers:

7 0

An artificial monopoly is a monopoly created by law, for example, the state makes an arrangement with a specific post service, making it the main or the only postal service in the country.

A natural monopoly is a monopoly that is no enforced but which emerges due to high infrastructure costs, so for example the infrastructure of water supply makes the company who built the pipes the monopoly.

SVETLANKA909090 [29]3 years ago

3 0

The difference between natural monopolies and artificial monopolies is that a natural monopoly is created by natural barriers to entry whereas an artificial monopoly is created when a firm is able to maintain control over the industry.

Further explanation:

Natural monopoly: A natural monopoly is created due to the natural barriers to entry like huge costs or usage of sophisticated technology that enables the sole firm in the industry to make huge profits. A natural monopoly is created due to huge start-up costs or usage of special kinds of raw materials, equipment, techniques and advanced technology in the production of a specialized good or service.

Artificial monopoly: An artificial monopoly is referred to as a large firm that is able to maintain control over the entire industry. It is a large firm that has no benefits in the form of production efficiency over the smaller firms but still manages to be a sole firm in the entire industry.

Learn more:

1. Learn more about cartel and monopoly

brainly.com/question/1619397

2. Learn more about monopoly

brainly.com/question/925825

3. Learn more about a competitive market

brainly.com/question/11095403

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Monopoly

Keywords: distinguish, between, natural monopoly, and artificial monopoly, natural barriers to entry in an industry, sophisticated technology, control over the industry, sole firm in the entire industry, advanced technology in the production of a specialized good or service, able to make huge profits.

You might be interested in

In Southeast Asia, constant warfare and political maneuvering led to the transition from:A. City-states to hereditary states B.

Leya [2.2K]

The correct answer is letter C

Explanation: This is a difficult factor for these countries because everything becomes a major conflict, and these small states often end up wanting to take power and all of this leads to more wars and confusion. small groups creating waves of power.

8 0

3 years ago

Jordan is frightened by the sound of a train whistle. the sound is a(n):

kenny6666 [7]

Jordan is frightened by the sound of a train whistle. the sound is a "Stimulus".

A stimulus is an effect from outside which affects an action or an activity, sometimes triggering some psychological response. For example in the given example the sound of the train is an external effect (Stimulus) which triggers the feeling of fright in Jordan.

4 0

3 years ago

The changes produced in a population through differential reproduction are said to be what?

andreev551 [17]

Answer:

Evolution

Explanation

change in the frequency of alleles within a gene pool from one generation to the next. When changes is noticeable as the production increases, it is called Evolution.

4 0

3 years ago

Read 2 more answers

How is employment generation is better than searching for employment?

Shkiper50 [21]

Creating jobs is a keystone of any economic recovery program. Many activities can fall under the rubric of job creation, including immediate short-term opportunities that yield quick impact, or the development of more enduring livelihoods in the civil service or private sector. It is important to distinguish between these different activities, recognizing that sustainability and long-term impact should be duly considered in implementing any employment generation program. Providing jobs is vital on many levels.

Politically, employment opportunities give the population a stake in the peace process by providing young men and women with alternatives to violence. Economically, employment provides income to poor families, revives domestic demand for goods and services, and stimulates overall growth. Socially, employment can also promote social healing, encourage the return of displaced persons, and improve social welfare in the long run.

7 0

2 years ago

Ingroup bias best illustrates the impact of our ________ on prejudice. unconscious patronization social identities scapegoating

just olya [345]

Answer:

social identities

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question this illustrates the impact of our social identities on prejudice. Social Identity an individual's self-concept derived from perceived membership in a relevant social group, and since ingroup bias is described as being prejudice or preferring a specific group while discriminating others we can say this is the answer.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago