- Strategic ownership of factors of production
- Government give the exclusive right to the one firm to produce goods
- Production cost make a single producer more efficient than a large number of producers.
Government - Created Monopolies
A firm maybe limit entry with give a firm an exclusive right to sell good in the certain markets.
Governments- Created Monopolies
Patents and Copyrights law are two examples how government create a monopoly to meet the public needs.
Natural Monopolies
A firm is a natural monopoly when a firm can supply goods and services.
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