Business, 21.11.2019 03:31 jasonweber8718

Monopolies often charge prices that exceed their marginal cost, which allows them to earn profits. among monopolies though, the degree to which firms can mark up prices varies.
differences in what characteristic explains the extent to which monopolies can mark up prices?
o the firm's cost structure
o the firm's approach to marketing their product
o how strictly patents are enforced in the relevant country
o the price elasticity of demand for the firm's output

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Monopolies often charge prices that exceed their marginal cost, which allows them to earn profits. a...

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