Discussion :: Engineering Economics
- Perfect monopoly exists only if:
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A.
the single vendor can prevent the entry of all other vendors in the market |
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B.
the single vendor gets the absolute franchise of the product |
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C.
the single vendor is the only one who has the permit to sell |
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D.
the single vendor is the only one who has the knowledge of the product |
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Answer : Option A
Explanation :
Explanation Not Provided
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