Can monopoly product be homogeneous?
Dear Student,
No, monopoly product cannot be homogeneous. Products offered by monopoly firms are unique and only one seller can deal in that product due to patent rights.
Hope this information will clear your doubts on this topic.
If you have any more doubts just on the forum and our experts will try to help you out as soon as possible.
Regards
No, monopoly product cannot be homogeneous. Products offered by monopoly firms are unique and only one seller can deal in that product due to patent rights.
Hope this information will clear your doubts on this topic.
If you have any more doubts just on the forum and our experts will try to help you out as soon as possible.
Regards