When J.K. Rowling exerts copyright ownership of her literary works, she creates a monopoly by restricting Group of answer choice

Question

zlopas [31]

7 months ago

13

When J.K. Rowling exerts copyright ownership of her literary works, she creates a monopoly by restricting Group of answer choice

s the number of inventors. unit production costs. entry into the market. demand for the product.

Business

2 answers:

yan [13] · Answer 1 · 2024-09-22T21:17:38+03:00

A market structure characterized by a single seller, selling a unique product in the market.

In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.

<h3>How are monopolies and monopolistic competitive firms profitable?</h3>

A key characteristic of a monopolist firm is that it's a profit maximizer.

A monopolistic market has no competition, meaning the monopolist controls the price and quantity demanded.

The level of output that maximizes a monopoly's profit is when the marginal cost equals the marginal revenue.

<h3>What is example of monopoly?</h3>

A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes.

An unregulated monopoly has market power and can influence prices. Examples: Microsoft and Windows, DeBeers and diamonds, your local natural gas company.

Learn more about monopoly here:

<h3>brainly.com/question/7217942</h3><h3 /><h3>#SPJ4</h3>

Juliette [100K] · Answer 2 · 2024-09-22T22:20:09+03:00

Juliette [100K]7 months ago

4 0

Answer: entry into the market