How can economies of sale lead to monopolies? Governments often have the potential to influence whether firms are monopolies. How might the government affect whether a firm is a monopoly? How does advertising impact monopolistic competition? What are the four main reasons monopolies arise? How are...
The government itself owns many electric utilities in the United States. That being said, a utility can be publicly or privately owned. Either way, electric utilities are typically regulated by the state’s Public Utility Commission (PUC). The PUC has a very important job. They ensure tha...
The Swiss company and its British subsidiary are talking of taking the issue to the House of Lords, complaining that the Department of Trade and Industry has acted illegally under the terms of the Monopolies Act which does give the British government power to regulate the prices charged to ...
How does the government deal with firms that abuse their market power? How does a free market deal with harmful goods? How can the government solve the problem of unfair contracts due to the gig economy? How does the government protect consumers from monopolies? Explain how natural mo...
influences of the formation of monopolies on business was the realization that regulation was necessary for competition. Before the era of monopolies, even small businesses had endorsed the idea that the government should keep its hands off of business regulation and let the free market regulate ...
When the rebels won, Franco took control of the country and incorporated some fascist ideologies of the Falange party into his government. But Franco made it clear that it was the government and Spain's ruling class running things, which made Spain under Franco different than fascist party-...
monopolistic practices. Regulations can impact autility company's profit margins. Government agencies can regulate the prices utility companies charge their customers, their budgetary process, their ability to construct new facilities, the services they are allowed to offer, and their energy efficiency ...
As a result, they can afford to spend enough on the military to maintain security and have enough left over to spend more on health care. Another reason may be that some countries or regions attach more value to spending on the military. This might be said of Russia ...
Railroads:The railroad industry is government-sponsored, meaning their natural monopolies are allowed because it's more efficient and in the public's best interest to help it flourish. Further, the industry can't support two or more major players given the unique resources needed, such as land ...
The history of some of the greatest monopolies is a clear indication of how big a monopoly can get.Answer and Explanation: There have been few cases of pure monopolies but the extension of monopoly power in the market with completion among so many companies is widespread...Become...