If your farm had the only known source of a rare cocoa bean needed to make chocolate-covered peanuts,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.

Question

Colin Jones · Accepted Answer

Final Answer : A, Explanation :  The monopoly would result from control of a scarce resource or input, as no other company would have access to the rare cocoa bean necessary to make the product.

If your farm had the only known source of a rare cocoa bean needed to make chocolate-covered peanuts,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.

Definitions

Learning Objectives

Learning Objectives

Related questions

If your farm had the only known source of a rare cocoa bean needed to make chocolate-covered peanuts,your monopoly would result from:A) control of a scarce resource or input.B) technological superiority.C) increasing returns to scale.D) government-set barriers.

Definitions

Learning Objectives

Learning Objectives

Related questions

If your farm had the only known source of a rare cocoa bean needed to make chocolate-covered peanuts,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.