Engineering Economics

Perfect monopoly exists only if:

  • A. the single vendor can prevent the entry of all other vendors in the market
  • B. the single vendor gets the absolute franchise of the product
  • C. the single vendor is the only one who has the permit to sell
  • D. the single vendor is the only one who has the knowledge of the product
Answer: Option A.
Explanation:

No answer description available for this question.

Leave a Reply

Your email address will not be published.

Back to top button
error: Alert: Content is protected !!