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Sources of Market Power

The main sour...

Question

The main sources of monopoly power are ___________.

A

control of a key resource

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B

economies of scale

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C

diseconomies of scale

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D

network externalities

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Solution

The correct options are
A
control of a key resource

B
economies of scale

Two main sources of monopoly power are control of a key resource or economies of scale arising over a large range of ouptut.

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