Homework Help: Econ

Posted by Tiffany on Friday, May 23, 2008 at 9:41am.

What kinds of information would you have needed to try to determine whether a company is a monopoly and why is this information important?

Econ - economyst, Friday, May 23, 2008 at 1:14pm
Somewhat of an open ended question. A direct piece of information: "does the business have competitors"?
A bit indirect, but, "are there barriers to entry in the firm's industry or product line".

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