Super Impulse 361224 Worlds Smallest Monopoly Board Game in the World as Mini Version, from 8 Years

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Allocative inefficiency. A monopoly is allocatively inefficient because in monopoly (at Qm) the price is greater than MC. (P > MC). In a competitive market, the price would be lower and more consumers would benefit from buying the good. A monopoly results in dead-weight welfare loss indicated by the blue triangle. (this is net loss of producer and consumer surplus)

Diseconomies of scale – It is possible that if a monopoly gets too big it may experience dis-economies of scale. – higher average costs because it gets too big and difficult to coordinate.

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Monopolies also need barriers to entry to protect them from new firms entering the market. Barriers to entry can include – brand loyalty through advertising and economies of scale Good Monopolies Train stations:Liverpool St Station – phone of your choice with a one-year Sky Mobile contract (750 available) After aplayer procuresall the properties in a color-group they may buy houses from the Bank and erect them on those properties. Every player has the chance to bid including the player who declined to buy the property initially. Bidding may start at any price. PAYING RENT

Facebook? Does Facebook have too much power over our personal data and ability to allow fake news into social media feeds? Prize Draws Peel – win an entry to one of nine prize draws (winner announced after the game closure)Some industries need a lot of research and development (e.g. building new aeroplanes, research drugs). Therefore, a monopoly may be needed in this industry. Hot pink:Northumberland Avenue – relaxing or adventurous experience with Buyagift (5,800 available)