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Izzydhindsa Izzydhindsa
wrote...
Posts: 457
4 years ago
Recall the Application about the costs involved in opening a Dunkin' Donuts shop to answer the following question(s).


Recall the Application. Which of the following prevents Dunkin' Donut from being classified as a monopoly?

▸ There are many sellers of donuts other than Dunkin' Donuts.

▸ Donuts are differentiated products that have many close substitutes.

▸ There are no patents or regulations that prevent entry. All an entrepreneur needs is to pay the franchise fee and the royalties.

▸ All of the above prevent Dunkin' Donuts from being classified as a monopoly.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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ShaeTime3ShaeTime3
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Posts: 368
4 years ago
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Izzydhindsa Author
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4 years ago
Thanks
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Helped a lot
ky
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2 hours ago
You make an excellent tutor!
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