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
21,050,464 questions answered
Popular Conversations
__________ is someone whose opinion is valued in the decision-making ...
Weegy: The INFLUENCER is someone whose opinion is valued in the decision-making process. User: the person who ...
5/23/2015 12:34:09 PM| 2 Answers
What does polynomial mean?
Weegy: The degree of a polynomial is the highest degree of its terms when the polynomial is expressed in its canonical ...
5/23/2015 12:53:01 PM| 2 Answers
simplify each expression use positive exponents m^3n^-6p^0 User: ...
Weegy: The explicit formula that represents the geometric sequence -2, 8, -32, 128 is an = -2*(-4)^(n - 1) . common ...
5/23/2015 9:28:41 PM| 2 Answers
It is expected that US forests will _______. a. not be able to meet ...
Weegy: It is expected that US forests will provide increasingly cheaper timber. User: Which of the following best ...
5/23/2015 11:00:26 PM| 2 Answers
Weegy Stuff
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
Points 515 [Total 523]| Ratings 1| Comments 505| Invitations 0|Offline
S
1
Points 468 [Total 860]| Ratings 1| Comments 458| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
L
P
Points 248 [Total 2725]| Ratings 0| Comments 248| Invitations 0|Offline
S
1
L
L
Points 67 [Total 8250]| Ratings 0| Comments 67| Invitations 0|Offline
S
Points 58 [Total 78]| Ratings 0| Comments 58| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Online
S
L
1
R
Points 28 [Total 1315]| Ratings 0| Comments 28| Invitations 0|Offline
S
Points 14 [Total 14]| Ratings 0| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.