Limited government licenses that create a monopoly do so because the license generates a marginal cost advantage. the monopoly w

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horrorfan [7]

3 years ago

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Limited government licenses that create a monopoly do so because the license generates a marginal cost advantage. the monopoly w

ill become a natural monopoly. a barrier to enter the market exists. all of the above.

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1 answer:

My name is Ann [436] · Answer 1 · 2022-04-03T07:58:20+03:00

Limited government licences that create a monopoly do so because a barrier to enter the market exists.
Monopoly can be established by the government by a form of integration or form naturally, it can preserve excess profit because barriers to entry prevent competitors from entering the market.