Exploiting market power is an example of a costly-to-duplicate economies of scope.

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Exploiting market power refers to the ability of a single firm or a group of firms in a market to raise prices or reduce output without losing market share. This is typically due to their market dominance, resulting in a lack of competition, which in turn leads to higher profits. Such market power is an example of a costly-to-duplicate economy of scope, as it is difficult for other firms to replicate the same level of dominance or brand strength without investing significant resources, time, and effort.

Exploiting Market Power Is an Example of a Costly-To-Duplicate Economies