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zlopas [31]
1 year 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]1 year ago
4 0

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]1 year ago
4 0

Answer: entry into the market

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Jenny's bakery makes two types of birthday cakes: yellow cake, which sells for $25, and strawberry cake, which sells for $35. Bo
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Answer: Revenue is maximum at x=25 and y=0. That is when the firm makes only yellow cakes and no strawberry cakes.

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it is likely that John chooses this oil company because of their good services

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