Which of the following is an example of legal market power?
A) A patent
B) The presence of a network externality
C) Control of a key resource
D) Economies of scale

Name: Which of the following is an example of legal market power? A) A patent B) The presence of a network externality C) Control of a key resource D) Economies of scale
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Question

Quizplus · Accepted Answer

A patent grants exclusive rights to the owner to produce and sell a particular invention or process for a limited period of time, thus creating legal market power.

Which of the Following Is an Example of Legal Market