Legal or natural monopoly?
Exercise and reference answers
- Left
- Legal
- Items
- Item
- Law bars rivals
- Answer
- Legal
- Item
- A patent held
- Answer
- Legal
- Item
- Copyright held
- Answer
- Legal
- Item
- Economies of scale
- Answer
- Natural
- Item
- Owns the resource
- Answer
- Natural
- Item
- Market too small
- Answer
- Natural
- Right
- Natural
- Instructions
- Swipe left for Legal, right for Natural.
Explanation
_Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 9 'Monopoly', sections 9.1-9.2_