What is monopoly and concentration ratio-monopsony

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Reference no: EM132296337

1) What is a monopoly?

2) What is the ideal type of competition? Where does it exist?

3) What is monopolistic competition? Give an example

4) Would an oligopoly have many competitors? Why not?

5) How does government regulate oligopolies?

6) Are some monopolies allowed by the government? What type?

7) How does the size and scope of business affect competition? Explain

8) What was the Sherman antitrust act?

9) Why was the legislation creating the Sherman act passed?

10) Name some other regulations passed since the Sherman act

11) In an efficiently operating market is there usually a shortage or a surplus? Explain

12) What is a concentration ratio?

13) What is a four firm concentration ratio?

14) What is the concentration ratio for cola?

15) What was the breakup of ma bell all about?

16) Why was American tobacco broken up?

17) What are some efficiencies of scale?

18) Explain the US versus Microsoft suit

19) What is a monopsony?

20) What is the Walmart effect?

Reference no: EM132296337

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