You have new items in your feed. Click to view.
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
27,215,098 questions answered
Weegy Stuff
S
Points 581 [Total 682] Ratings 0 Comments 581 Invitations 0 Offline
S
Points 526 [Total 526] Ratings 0 Comments 526 Invitations 0 Offline
S
P
P
L
P
Points 219 [Total 1537] Ratings 1 Comments 209 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 158 [Total 1610] Ratings 1 Comments 148 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.