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Novay_Z [31]
3 years ago
14

Two conditions allow a single seller to become a monopolist. those two conditions are that the firm must:

Business
1 answer:
navik [9.2K]3 years ago
5 0

There are two conditions that allow a single seller to become a monopolist. These two conditions are as follows:

 

1. The firm must have something unique to sell

<span>2. The firm must have a way to prevent potential competitors from entering the market.</span>

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Which of the following statements are examples of labor except:
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Answer:

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The stated example is and example of voluntary work, which by most statutes does not count as labor. Although volunteering is technically work, it does not count as labor as volunteers are not paid for what they do. Instead, they do it for an ethical purpose which is not related to getting money. Therefore, volunteers do not coun as the working labor force.

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In most businesses, what is the most costly factor of production?
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marusya05 [52]

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