All categories

2 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]2 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

What might max weber suggest is the primary difference between a lawyer in the united states and the self-made millionaire of a

Naddika [18.5K]

Wealth, power, and prestige--these three elements make up Weber's theory of social class.

In the case above, both have power over others, but their wealth is likely different as the self-made man is a millionaire and lawyers don't typically make that much. The biggest difference would likely be the level of prestige or respect each would get from others. The US values the self-made man over a lawyer.

5 0

3 years ago

A narrow interpretation of the Constitution prevents the government from expanding its powers beyond those listed in the documen

kramer

The answer to the given question above would be the third option: Limited Government. A narrow interpretation of the Constitution prevents the government from expanding its powers beyond those listed in the document is an example of a limited government concept. Hope this helps.

3 0

3 years ago

Read 2 more answers

17. Why did the Constitutional Convention adopt the Three-Fifths Compromise? 17 point)

bearhunter [10]

Answer:

To settle a debate over slavery and representation

Explanation:

The 3/5ths Compromise was a law that meant slaves were worth 3/5ths of a vote. C is the only answer referring to slavery

8 0

2 years ago

Is midnight mass related to haunting of hill house

Irina18 [472]

Answer:

not really sure

Explanation:

3 0

2 years ago

What techniques does this Renaissance painting by Antione Carcon use to create depth? Give at least one example.

mel-nik [20]

an artist can use to create depth in a painting are layering and overlapping, changing size and placement, linear perspective, and relative color, hue and value.

Explanation:

I don't have an explanation, but I hope this works for you. Also, this is my first time using... this. so I'm really sorry if it didn't help.

6 0

2 years ago