Which of the following could create a cost advantage for a monopoly?
A)Better technology
B)Lower friction due to better organization
C)Standardization
D)All of the above.

Question

Quizplus · Accepted Answer

A monopoly can create a cost advantage if it has better technology than its competitors, which can result in higher productivity and lower costs. Lower friction due to better organization can also lead to cost savings, such as by reducing duplication of efforts or improving supply chain efficiency. Standardization can also create cost advantages by allowing for greater efficiency in production and reducing the complexity of operations. Therefore, all options (A, B, and C) can contribute to creating cost advantages for a monopoly.

Which of the Following Could Create a Cost Advantage for a Monopoly