All of the following are sources of monopoly power,except _____.
A)patents
B)unique access to an essential input
C)economies of scale
D)homogeneity of products

Question

Quizplus · Accepted Answer

Homogeneity of products actually undermines monopolies as it allows for easier entry by competitors. The other three choices, patents, unique access to an essential input, and economies of scale, can all contribute to a firm's monopoly power.

All of the Following Are Sources of Monopoly Power,except _____