The two primary factors determining monopoly market power are the firm’s
A. revenues and size of its customer base
B. demand curve and its cost structure
C. variable cost curve and its fixed cost structure
D. demand curve and level of wealth within its market
Answer:B
The two primary factors determining monopoly market power are the firm’s
A. revenues and size of its customer base B. demand curve and its cost structure C. variable cost curve and its fixed cost structure D. demand curve and level of wealth within its market
Explanation: 33. What qualities would ideally suit a monopolistic firm with regard to barriers to entry?