2006-10-30 08:21:38 · 3 answers · asked by Collett Demetrius 1 in Social Science ➔ Economics
Wow, I sure wish I had someone to do my economics homework. Must be a monopoly.
Don't worry. Someone will copy and paste the entire Wikipedia article on it so you won't have to look it up yourself.
2006-10-30 08:54:48 · answer #1 · answered by lisa_laci 3 · 0⤊ 0⤋
The two main causes of monopoly are:
- government regulation that prevent anyone from competing; and
- declining average cost s- so that economies of scale mean that it would be more expensive for two firms to produce the desired amount of a good or service than for two or more (this is known as a 'natural monopoly').
2006-10-30 12:59:53 · answer #2 · answered by eco101 3 · 0⤊ 0⤋
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Probably because no other firm is willing to supply to the market. Or it could be that one single firm is so powerful that other firms are not capable of competig with it even if they wanted to.
2016-04-04 02:11:54 · answer #3 · answered by ? 4 · 0⤊ 0⤋