What is the 3 source of monopoly power

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What is the 3 source of monopoly power

The three sources of monopoly power: 1) government - through patents or government franchises. 2) large economy of scale - average cost of a single firm serving the entire market is lower than that of two or more firms serving the market. 3) control of an essential, or valuable input into the production process.

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Asked 4/25/2012 3:48:32 AM

Updated 9/3/2015 8:09:28 AM

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The three sources of monopoly power:
1) government - through patents or government franchises.
2) large economy of scale - average cost of a single firm serving the entire market is lower than that of two or more firms serving the market.
3) control of an essential, or valuable input into the production process.

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Added 9/3/2015 8:09:28 AM

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