1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlad1618 [11]
3 years ago
15

A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without qua

ntity demanded falling to zero. The main way monopolies retain their market power is through barriers to entry, which prevent other companies from entering monopolized markets and competing for customers. Consider the market for computer technology. Patents are granted to inventors of products or processes for a certain number of years to encourage innovation. Without patents, research and development needed to improve computer technology are unlikely to occur, as nothing would then prevent other firms from stealing ideas and copying products. Which of the following best explains the barriers to entry that exist in this scenario?
Exclusive ownership of a necessary resource

Legal barriers

Increasing returns to scale
Business
1 answer:
yanalaym [24]3 years ago
7 0

Answer:

The correct answer is: legal barriers.

Explanation:

A monopoly is a market structure where there is only a single firm, there is a restriction on the entry of firms. This gives firms a certain degree of market power.  

The monopolies are able to retain their market power through restrictions on the entry of other potential firms. These restrictions are of different types such as exclusive ownership of a resource, legal barriers, increasing returns to scale.  

In this particular scenario of patents, the barrier to entry is a legal barrier. The other potential firms are legally restricted to enter the market as they do not hold a patent.

You might be interested in
Assume Gillette Corporation will pay an annual dividend of 0.61 one year from now. Analysts expect this dividend to grow at 11.5
SashulF [63]

Answer:

I'm so sorry but I do not know the answer to these kind of a question : )

8 0
1 year ago
Discuss the effects of the hard lockdown on Eskom's operations?
ICE Princess25 [194]

The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

<h3>What were Eskom's operations?</h3>

Eskom's operations refer to the operation of the Electricity Supply Commission in South Africa.

When the hard lockdown was placed during the pandemic on Eskom's operations in South Africa, this led to parliamentary committees leaving the officials in Pretoria because they believed that having digital meetings will be better than face-to-face.

hence, The effect of the hard lockdown on Eskom's operations was that the parliamentary committees had to leave officials in Pretoria.

learn more about Eskom's operations:

brainly.com/question/3785658

#SPJ1

8 0
1 year ago
The purpose of a good web page design is to make it_and_ .
Cloud [144]
The purpose of a good web page design is to make it successful and admirable
8 0
2 years ago
What do you mean by parent and host company?​
Anna11 [10]

Answer:

What is meant by parent company?

A parent company is a single company that has a controlling interest in another company or companies. Parent companies are formed when they spin-off or carve out subsidiaries, or through an acquisition or merger.

Explanation:

What Is a Parent Company?

A parent company is a company that has a controlling interest in another company, giving it control of its operations

8 0
2 years ago
Read 2 more answers
What is cookie consent ?
emmainna [20.7K]

Answer:

A cookie consent banner is the cookie warning that pops up on websites when a user first visits to the site. It's the website banner that <em>declares</em> the cookies and tracking present on a website and gives the users a choice of prior consent before their data is handled.

6 0
3 years ago
Read 2 more answers
Other questions:
  • The effectiveness of a boycott depends on worker’s ability to do what?
    15·1 answer
  • Which statement best summarizes the role of households in the flow of
    7·2 answers
  • Farmer Brown’s total cost curve is a. increasing at an increasing rate. b. increasing at a decreasing rate. c. increasing at a c
    5·1 answer
  • 16 points please help! :(
    9·1 answer
  • A young entrepreneur recently decided to expand his steel business into a small industrial town in Indiana. Which of the followi
    12·1 answer
  • For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms m
    13·2 answers
  • You can buy a $50savings bond today for $25 and redeem the bond in 10 years for its full facevalue of $50. You could also put yo
    7·1 answer
  • Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f
    10·1 answer
  • What are the objectives of HRM?
    11·1 answer
  • Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!