A firm with patent protection can utilize which competitive structure?
A) Pure competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly

Question

Quizplus · Accepted Answer

A firm with patent protection can operate as a monopoly because the patent gives it exclusive rights to produce and sell the patented product, preventing other firms from entering the market with the same product.

A Firm with Patent Protection Can Utilize Which Competitive Structure