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Author Question: Recall the Application about the costs involved in opening a Dunkin' Donuts shop to answer the ... (Read 143 times)

folubunmi

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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.


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Marked as best answer by folubunmi on Jul 20, 2019

b614102004

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