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
21,551,964 questions answered
Popular Conversations
1/2 x +1/3 y = 0 1/4 x -1/2 y = 8 What is the solution of the system ...
Weegy: (0.4, 2) User: 2/3x -1/2 y = 3 1/2x + y = 5 Which of the following systems is equivalent to the given ...
7/2/2015 2:20:21 PM| 5 Answers
The slope of a line that is perpendicular to a line whose slope is ...
Weegy: An equilateral triangle has symmetry with respect to a line containing an altitude of the triangle. True. ...
7/2/2015 12:32:21 PM| 3 Answers
Solve the equation: h/9 = 7. A. h = 7/9 B. h = –63 C. h = ...
Weegy: A. M = K/LN User: Solve this equation: 2s + s + 12 = 132. A. s = 40 B. s = –30 C. s = 9 D. s = 120 ...
7/3/2015 1:17:37 PM| 3 Answers
write the number in decimal form:fourteenand eighty-fourhundredths.
Weegy: Fourteen and eighty-four hundredths is 14.84
7/2/2015 6:07:53 AM| 2 Answers
round the decimal number to the nearest tenth:285.429
Weegy: 285.429 is equal to 290.
7/2/2015 6:19:24 AM| 2 Answers
_____________ was the first African American to receive the Nobel ...
Weegy: Ralph Bunch was the first African American to receive the Nobel Peace Prize. He won this for his peacemaking ...
7/2/2015 8:14:33 AM| 2 Answers
Weegy Stuff
S
1
L
P
1
1
Points 103 [Total 1509]| Ratings 1| Comments 93| Invitations 0|Offline
S
1
Points 66 [Total 577]| Ratings 0| Comments 66| Invitations 0|Online
S
Points 31 [Total 31]| Ratings 1| Comments 21| Invitations 0|Offline
S
1
L
L
Points 24 [Total 8404]| Ratings 0| Comments 24| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
Points 13 [Total 9542]| Ratings 0| Comments 13| Invitations 0|Offline
S
R
Points 6 [Total 208]| Ratings 0| Comments 6| Invitations 0|Offline
S
L
P
P
Points 4 [Total 3563]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 1 [Total 1]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 44]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.