Which of the following is NOT a source of monopoly power?
A) laws preventing entry of competitors
B) economies of scale
C) innovation
D) inelastic demand for the product

Name: Which of the following is NOT a source of monopoly power? A) laws preventing entry of competitors B) economies of scale C) innovation D) inelastic demand for the product
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Inelastic demand for the product is not a source of monopoly power; it describes consumer behavior rather than a barrier or advantage that creates a monopoly.

Which of the Following Is NOT a Source of Monopoly