_____________ is the benefit incurred to a firm that maintains a monopolistic power in the market.
A) Oligopolistic advantage
B) Monopolistic advantage
C) FDI advantage
D) None of the above

Question

Quizplus · Accepted Answer

Monopolistic advantage refers to the benefit that a firm enjoys due to its control over a market. This control allows the firm to charge higher prices for its products or services, enjoy larger profit margins, and deter potential competitors from entering the market. This advantage is a key reason why firms seek to attain monopolies or maintain their existing power in a market.

_____________ Is the Benefit Incurred to a Firm That Maintains