Register
4. List and explain the sources of monopoly market
40,127 views
36 votes
36 votes
4. List and explain the sources of monopoly market

User Kodvin
by
2.6k points

1 Answer

23 votes
23 votes

Question: Hello: ) ✨List and explain the sources of monopoly market ?

Answer: here are three basic sources of monopoly: one created by government, like patents; a large economy of scale or a network externality; and control of an essential, or a sufficiently valuable, input to the production process. There are three major sources of monopoly power: (1) the price elasticity of demand (Ed), (2) the number of firms in a market, and (3) interaction among firms.

Have an amazing day/night<3

User Alexu
by
2.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that Group of answer choices bond interest is deductible for tax purposes. interest must be
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
In January of the current year, Dora made a gift of stock to her granddaughter. At the time of the gift, the stock was worth $15,000. Several months later in the same year after the gift, a $500 dividend
Link Copied!