All of the following are limitations on the market power of a monopoly except
A)The elasticity of demand.
B)The inability of a firm to control demand.
C)The ability of a company to control the quantity supplied.
D)The demand curve.

Question

Quizplus · Accepted Answer

The ability of a company to control the quantity supplied is not a limitation on the market power of a monopoly but rather a characteristic that enhances its market power. Monopolies can influence market prices to some extent by adjusting the quantity of goods they supply.

All of the Following Are Limitations on the Market Power