Question

Match each scenario with the source of monopoly market power.

1. Mary McFly invents the time machine and gets legal protection from competition.

2. Main Line Utilities can operate at a lower cost than multiple electric companies

3. The author of Economics for Dumbbells is given exclusive rights to produce this book.

4. Your city council gives All Talk Communication Services exclusive rights to build high-speed internet infrastructure in your town.

5. DeJeers Jewellers owns 80% of the world's diamond mines.

 

- Patent

- Economies of Scale

- Control over Resources

- Government licensing

- Copyright