according to the text, the most important of the five factors which give rise to monopoly is multiple choice exclusive control over important inputs. economies of scale. patents. government licenses.

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24-11-2022
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according to the text, the most important of the five factors which give rise to monopoly is multiple choice exclusive control over important inputs. economies of scale. patents. government licenses.

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kjuli1766 kjuli1766 · Answer 1 · 2022-12-01T10:11:28+01:00

The most important of the five factors which give rise to monopoly is economies of scale.

Only one company is active in the market. entry barriers are high. These barriers are so high that they do not prevent other companies from entering the market. Third, there is no substitute for the goods that monopolies produce. Competitive intimidation such as predatory pricing.

A monopoly is defined as a single seller or manufacturer that excludes competition from offering the same product. Monopolies can influence price changes and create barriers to market entry for competitors. These disorders include Economies of scale leading to natural monopolies. Control of physical resources. Legal Restrictions on Competition Patent Trademark and Copyright Protection.

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