question archive Which of the following is not sometimes a source of monopoly power? a
Which of the following is not sometimes a source of monopoly power? a
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Which of the following is not sometimes a source of monopoly power?
a. Economics of scale.
b. Network economics.
c. Downward-sloping industry demand.
d. Government licenses or franchises.
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The correct option is:
b. Network economics.
Network economics is also referred to as nitromix. It refers to the phenomenon when the value of goods and services increases when the other individuals in the economy demand the same set of goods and services. This phenomenon believes in cooperation and coordination of various elements in the economy rather than believing in consumer exploitation by being the only seller.
