Which of the following could explain why a firm is a monopoly? Select one or more answers

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Which of the following could explain why a firm is a monopoly? Select one or more answers from the choices shown.

a. Patents

b. Economies of scale.

c. Inelastic demand.

d. Government licenses.

e. Downsloping market demand.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 05:28 AM

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Which of the following could explain why a firm is a monopoly? Select one or more answers

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Answer Patents Economics of scale and Government licenses A firm is a pure monopoly when it is t...View the full answer

Microeconomics Principles, Problems and Policies

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