ECONOMICS
COMPETITION AND MARKET STRUCTURES
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Technological
|
|
|
Government
|
|
|
Geographic
|
|
|
Natural
|
Detailed explanation-1: -With a few minor exceptions, the United States Postal Service enjoys a legal monopoly in the delivery of letters. Under the Private Express Statutes, private letter carriers are subject to fines and/or imprisonment.
Detailed explanation-2: -A government-created monopoly is the sole supplier of certain goods or services, and competition is prohibited by law. An example of a government monopoly is the United States Postal Service.
Detailed explanation-3: -The USPS actually has two legally enforced monopolies, as per Title 39 of the US Code. One is over the delivery of anything defined as a “letter, ” which is within certain size and weight limits. The second is over the use of your mailbox.
Detailed explanation-4: -Monopoly Example #1 – Railways. Monopoly Example #2 – Luxottica. Monopoly Example #3-Microsoft. Monopoly Example #4 – AB InBev. Monopoly Example #5 – Google. Monopoly Example #6 – Patents. Monopoly Example #7 – AT&T. Monopoly Example #8 – Facebook.