Legal monopolies exist in industries requiring huge investments and in which it would be inefficient to duplicate the products that they provide.
Correct Answer:
Verified
Q87: Under monopolistic (differentiated)competition,large companies exercise control over
Q88: General Motors operates several divisions in supplying
Q89: In an environment of perfect competition,external influences
Q90: Perfect competition exists when many consumers are
Q92: Because they operate in a(n)_ industry,a fare
Q92: Because they operate in a(n)_ industry,a fare
Q93: Polaroid is a classic example of a
Q94: Product differentiation can be achieved by _.
A)geographical
Q95: In an oligopoly,each seller supplies a large
Q96: A monopoly exists when there is only
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