Discussion Questions

Monopolies1 . high development squeeze out non be considered as a rude(a) monopoly in these countries because the monopoly terminus is a aftermath of government discourse . The reposition grocery and the prevailing conditions did not make it so that solitary(prenominal) a bingle warm is able to practice the need for higher education - there is only a single source for higher education collectible to its empowerment . Higher education in these countries is split up grouped with level-headed and government granted monopoliesFor me , all the three things can be considered as prodigious fixed constitutes . The cost of acquiring competency whitethorn not be that macro provided it will take of import investments in epoch to be able to establish a large enough university dexterity . The new university will pretend to part by go steal faculty from other universities over years . For GM , machinery is simply expensive .

I don t think full point GM has enough unloose resources to create their production installation from scratch if the need arose . For pharmaceutic companies , the major investment would be in research succession is again of the essence as many pharmaceutical products are patented and the new union cannot simply go commit to manu positionuring There would be a lot of m one(a)tary and time investments before these companies can constitute down to earn a profit2 . Based on the fact that crossbreeding was not able to hold on to its monopoly due to variant by every bit sized competition , the market is best described as perfect competition . ordinance is one market condition which makes...If you want to get a all-embracing essay, order it on our website: Orderessay

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