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Vertical Integration is a common source of monopoly . True or False ? Explain why
Price leadership in oiligopoly occurs when the first firms set a price for the product of other films are not allowed to charge more than this . True or flase ? Explain why
national monoplies occur when supply of materials is concentrated in one country . true or false explain why
1 It could be a source of monopoly power because control of materials can lead to control of production that uses those materials.
2 False. Oligopoly implies a small number of larve suppliers. There is nothing about not being allowed to charge a higher price… but the higher price might reduce sales, so other firms might choose not to.
3 Do you mean a ‘national’ or ‘natural’ monopoly?
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