Business Studies, asked by sainiharvinder, 8 months ago

how crate monopoly in business ideas ​

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Answered by Anya23611
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Answer :

Using intellectual property rights , buying up the competitions or hoarding a scarce resource , among others , are ways to monopolize the market . The earliest way to become a Monopoly is by the government granting a company exclusive rights to provide goods or services .

Electricity companies and other utility companies are the examples of natural monopolies . The exist as monopolies because the cause to enter the industry is high and new entrance are unable to provide the same services at lower prices and in quantities comparable to the existing firm .

The antirust laws prohibit conduct by single firm that unreasonable restrains competition by creating or maintaining monopoly power .

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