Which of the following conditions would be least likely to, Ask an Expert

Economics

Which of the following conditions would be least likely to lead to a monopolistic market structure?

A. Significant economies of scale leading to declining average cost until the entire market demand is satisfied

B. Possession of patent rights for basic production processes

C. Exclusive rights to sell in a particular geographic market

D. control over the entire supply of a basic product

E. The need to be a price taker in order to sell in the market

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236100

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