Question and answer
__________________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost below that of all other countries.
Monopolies are thus characterized by a lack of economic competition to produce the good or service and a lack of viable substitute goods.[2] The verb "monopolize" refers to the process by which a company gains the ability to raise prices or exclude [ competitors. In economics, a monopoly is a single seller. In law, a monopoly is business entity that has significant market power, that is, the
power, to charge high prices.[3] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[4] ]
Expert answered|AwesomeGuy200|Points 578|
Question
Asked 5/27/2012 8:27:00 PM
Updated 3/10/2014 4:06:35 AM
1 Answer/Comment
Get an answer
New answers
Rating
0
Absolute Advantage occurs when a country has a monopoly on producing a product or is able to produce it at a cost below that of all other countries.



Added 3/10/2014 4:06:35 AM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
occurs when a country has a monopoly on producing a product or is able to produce it at a cost below that of all other countries.
Weegy: Monopolies are thus characterized by a lack of economic competition to produce the good or service and a lack of viable substitute goods.[2] The verb "monopolize" refers to the process by which a company gains the ability to raise prices or exclude [ competitors. In economics, a monopoly is a single seller. In law, a monopoly is business entity that has significant market power, that is, the power, to charge high prices.[3] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[4] ] User: (TCO 3) __________________ occurs when a country has a monopoly on producing a product or is able to produce it at a cost below that of all other countries. (Points : 5) Weegy: absolute advantage (More)
Question
Expert Answered
Asked 5/27/2012 8:33:33 PM
0 Answers/Comments
(TCO 3) A key feature of a(n) _________ is that it has manufacturing capacity or some other physical presence in different nations. (Points : 5)
Question
Not Answered
Updated 2/27/2014 5:40:41 AM
1 Answer/Comment
A key feature of a(n) MULTINATIONAL CORPORATION is that it has manufacturing capacity or some other physical presence in different nations.
Added 2/27/2014 5:40:41 AM
This answer has been confirmed as correct, not copied, and helpful.
Increased participation in small business exporting owes credit to _________.
Weegy: growing global economy. (More)
Question
Expert Answered
Asked 5/27/2012 9:19:10 PM
0 Answers/Comments
21,764,832 questions answered
Popular Conversations
5. What is the correct order of the four steps of the writing ...
Weegy: A. revise. User: 6. The past tense of the verb drive is A. drove. B. droved. C. drived. D. driven.
7/31/2015 6:30:58 AM| 3 Answers
How much oxygen is contained in the ...
Weegy: C. atmosphere, the biosphere and the water cycle User: ________ is the biogeochemical cycle in which carbon ...
7/31/2015 5:11:19 PM| 2 Answers
The basic unit of all forms of life is a(n) A. organ ...
Weegy: C. circulatory system is the organ system is responsible for transporting oxygen throughout the human body. ...
7/31/2015 11:10:05 PM| 2 Answers
Weegy Stuff
S
Points 42 [Total 268]| Ratings 0| Comments 42| Invitations 0|Offline
S
Points 31 [Total 346]| Ratings 0| Comments 31| Invitations 0|Offline
S
L
L
Points 16 [Total 8589]| Ratings 0| Comments 16| Invitations 0|Online
S
1
L
Points 3 [Total 1393]| Ratings 0| Comments 3| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
L
Points 3 [Total 10356]| Ratings 0| Comments 3| Invitations 0|Offline
S
1
L
L
Points 1 [Total 8469]| Ratings 0| Comments 1| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.