in many foreign countries, governments often don't do anything to stop monopolies. america is actually one of the few nations on earth that takes an aggressive stance against monopolies. also, in many foreign countries their monopolies often pay bribes to the political leadership so that they won't be broken up. what generally happens in these foreign countries when they take no action and allow for unrestricted monopolies?

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21-11-2022
Social Studies

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in many foreign countries, governments often don't do anything to stop monopolies. america is actually one of the few nations on earth that takes an aggressive stance against monopolies. also, in many foreign countries their monopolies often pay bribes to the political leadership so that they won't be broken up. what generally happens in these foreign countries when they take no action and allow for unrestricted monopolies?

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sapanpandit sapanpandit · Answer 1 · 2022-11-26T09:13:18+01:00

Since monopolies operate according to the MC=MR profit maximization formula, their economies will in fact grow stronger and more effective. A robust economy will result from this.

A region's economy is its capacity for the creation, exchange, and consumption of products and services. It is generally understood to be a social domain that places special emphasis on the behaviors, discourses, and outward manifestations related to the creation, utilization, and monopolies products management of finite resources.

A particular economy is a collection of activities that, among other things, take into account its culture, values, education, technical development, economy history, social organization, political structure, legal systems, and natural resources. These elements provide background and content as well as establish the parameters and conditions under which an monopolies economy products operates. In other words, the economic realm is a economy social domain that includes connected human behaviors and interactions and does not exist in isolation.

Learn more about economy here

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