For a time,only Xerox could produce dry-paper copiers because Xerox held all the patents on the process.Until the patent expires,Xerox could be said to operate in which type of market structure?
A) imperfect competitive
B) purely competitive
C) monopolistic
D) noncompetitive oligopoly

Question

Quizplus · Accepted Answer

This is because Xerox held all the patents on the process, meaning that they were the only ones who could produce dry-paper copiers. This is a characteristic of a monopolistic market structure.

For a Time,only Xerox Could Produce Dry-Paper Copiers Because Xerox