Which of the following is not a source of monopoly power?
A)Exclusive control over inputs
B)Economies of scale
C)Patents
D)Rapid low cost technological change in the industry

Question

Quizplus · Accepted Answer

Rapid low cost technological change in the industry does not provide a source of monopoly power but instead can actually limit the ability of monopolies to maintain their market position as newer and better technologies emerge. A, B, and C are all sources of monopoly power as they allow for control over key resources, cost advantages, and exclusive rights.

Which of the Following Is Not a Source of Monopoly