0 votes
in Revision by

What are the sources of monopoly power?

1 Answer

0 votes
by (57.6k points)

Sources of monopoly power.

  • control of an important factor of production
  • legal protection through patent rights and copy rights
  • merger/amalgamation
  • govt control to eliminate wasteful competition
  • where the production requires heavy capital it’s not affordable to many firms
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.