Which of the Following Is Not a Source of Monopoly

question 53

Multiple Choice

Which of the following is not a source of monopoly power?

• A)Exclusive control over inputs
• B)Economies of scale
• C)Patents
• D)Rapid low cost technological change in the industry

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Definitions:

Organisational Strengths

Internal capabilities and resources that give an organization competitive advantage and enable successful strategy execution.

Stakeholders Interests

The concerns, needs, or goals of individuals or groups that have a stake in the outcome of a project, organization, or initiative, influencing decisions and strategies.

Strategic Planning Process

A systematic series of steps that an organization follows to formulate and implement strategies aimed at achieving long-term goals.

Organisational Planning Process

A systematic approach used by organizations to set goals, determine strategies to achieve them, and implement the necessary actions.