Question
Why is it risky to be a dominant firm? The company may have built its success on patents The social mileu is accepting of business
Why is it risky to be a dominant firm?
The company may have built its success on patents
The social mileu is accepting of business practices
They are targets for competitors, consumer protection organizations, and government agencies
Demand is usually price inelastic
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
