Which characteristic is likely a part of a monopoly market but not of monopolistic competition? A

Marketing Jan 12, 2021

Which characteristic is likely a part of a monopoly market but not of monopolistic competition?

A. Differentiated products

B. Patents and copyrights

C. Possibility of profit in the short run

D. Dead-weight loss exists

E. None of the above

Expert Solution

The correct option is B. Patents and copyrights

Patents and copyrights give exclusive rights to the owners to produce and supply the product or service under consideration and hence creating barriers for the new firms to enter the market. Barriers to entry is a characteristic feature of a monopoly market structure.

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