Which of the following contributes to the existence of monopoly power?
A) patents
B) constant returns to scale
C) the shortage of critical resources
D) the law of diminishing returns

Name: Which of the following contributes to the existence of monopoly power? A) patents B) constant returns to scale C) the shortage of critical resources D) the law of diminishing returns
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Question

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Patents grant exclusive rights to produce and sell a product, which can create a monopoly.

Which of the Following Contributes to the Existence of Monopoly