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Note that your final mark will not be saved in the system.
Monopoly power Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 1
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
Features of a monopoly
Not features of a monopoly
A single buyer in the market
High-quality products
May practise price discrimination
The firm is the industry
Existence of barriers to entry
No alternative buyers in the market
Produces a unique type of product
They are price-takers
There is imperfect flow of information
High levels of interdependence