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State (4) FOUR sources of monopoly power.

State (4) FOUR sources of monopoly power.

Answers

gideon
i) Control of important input.
ii) Ownership of production rights.
iii) Internal economies of scale.
iv) Size of the market/ small market.
v) Additional costs by other firms willing to join.
vi) Where a group of firms combine to act as one
vii) Restrictive practices.
viii) Financial factors.
gideon1 answered the question on September 25, 2017 at 17:38

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