A health-care firm is looking to expand to international markets in an effort to increase profits. One potential location has only a few competing health-care providers, each holding a significant percentage of market share. Licensing requirements are high, but the firm may consider establishing a presence in the new location to enjoy _____.(1 point)
Responses
the downward-sloping demand curves
the downward-sloping demand curves
the horizontal demand curves
the horizontal demand curves
the high prices that arise from monoplistic competition
the high prices that arise from monoplistic competition
the high prices that arise from perfect competition
1 answer
the high prices that arise from monoplistic competition
1 answer