1-less; more
2- more; less
3-less; less
4- more; more
2006-12-10 13:24:01 · 5 answers · asked by Anonymous in Social Science ➔ Economics
The answer is definitely 2.
2006-12-10 13:29:22 · answer #1 · answered by Shorty 3 · 2⤊ 0⤋
2
2006-12-10 21:31:30 · answer #2 · answered by Sarasvah 5 · 1⤊ 0⤋
more;less
A monopolist will charge more because their company specializes in something that nobody (or few other companies) offer. Competition is low so the price can basically be whatever they make it. Also selection is low becaus products are spoecialized. An example of a monopolist would be commercial jet manufacturers. There are only 2 main companies in the world that manufacture commercial passenger jets. Boeing, and Air Bus. Therefore the competition is lower allowing them to raise prices.
2006-12-10 21:28:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
2.
2006-12-10 21:31:14 · answer #4 · answered by Mariposa 7 · 1⤊ 0⤋
Everyone should be familiar with Microsoft. That is a direct example of a monopoly. I think the answer is obvious.
2006-12-10 22:08:19 · answer #5 · answered by Jonathan 1 · 0⤊ 0⤋