Cengage is a monopolist in the production of your textbook because Cengage:
A) is a very large company.
B) owns a key resource in the production of textbooks.
C) is a natural monopoly.
D) has a legally protected exclusive right to produce this textbook.

Question

Quizplus · Accepted Answer

Cengage has a legally protected exclusive right to produce this textbook, which means that no one else can produce this specific textbook. This is what gives Cengage its monopoly power in the production of the textbook.

Cengage Is a Monopolist in the Production of Your Textbook