Which of the following will present the least amount of concern to a firm that has a monopoly over a particular industry?
A. whether consumers will purchase its product
B. whether consumers will spend on different products
C. the competitive actions of other business firms
D. barriers to entry and competitors’ patent protection
Answer:C
Which of the following will present the least amount of concern to a firm that has a monopoly over a particular industry?
A. whether consumers will purchase its product B. whether consumers will spend on different products C. the competitive actions of other business firms D. barriers to entry and competitors’ patent protection
Explanation: 13. A firm that holds a monopoly position in the market place is