Most European countries have nationalized their universities and colleges. Consider that some countries have also used the law to ban private colleges. Should higher education be classified as a natural monopoly in these European countries? Explain and justify your answer and use appropriate examples to support your conclusions.
Next, consider the case of several large, established pharmaceutical manufacturers such as Merck. What type of market form do you believe that such manufacturers operate under?
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Write My Essay For MeJustify your answers and use appropriate examples to support your conclusions. Quotations, paraphrases, and ideas you get from books or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under the Help menu.
By the due date assigned, post your initial response in the Discussion Area below. Through the end of the module, read all of the other students’ submissions, and post substantive comments to at least two classmates.
SAMPLE SOLUTION
Market Structures
Higher Education Sector
It is improper to classify higher education as a natural monopoly in Europe. Natural monopoly arises in a market where there are barriers to entry such as high initial | PLACE YOUR ORDER NOW AT writtask.com | tend to offer same identical products with no substitutes. They can also emerge in sectors that require unique technology, raw materials or other similar factors. However, different universities offer different courses and admit students with…
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