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The product life span of a monopoly can vary widely depending on factors such as market demand, technological advancements, and competitive pressures. Generally, a monopolistic product may enjoy a longer life span due to lack of competition, allowing the monopolist to maintain higher prices and profits. However, the introduction of substitutes or regulatory changes can shorten this life span. Overall, while monopolies can sustain products longer, their life span is not immune to external influences.
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What will illustrates the span of a product life cycle?
IntroductionGrowthMaturityDecline
What does product life span mean?
It means the length of time a product will last, or stay fresh.
Which of the follwing illustrates the span of a product life cycle?
c introduction, growth, maturity, decline
What is control Of the supply of a product or service?
It is a Monopoly.
Why are patents sometimes referred to as monopolies?
A monopoly is when one person or company has total control over the market for a certain product or service. Like in the Hasbro game of Monopoly: when you own all the properties of the same color, you have a monopoly. If you patent a product, it means that your product is documented so no one can take your ideas and/or designs and claim them as their own. So you are the only one that can claim that product and you have complete control over that product's market. Therefore, you have a monopoly on your product.
How monopoly arises?
A monopoly occurs when one company has total control in the production and distribution of a product or service.
When a company has no competion in selling its product it is said to have a what?
monopoly
What is total control of the supply of a product or service?
A monopoly!
How does a monopoly fix its price of its product?
Seb is a LAD
When a business has complete control of the supple of a product it has a?
monopoly
What is the life span of a male?
The life span of the white male 75.7 years. This is the new life span after the scientists Did the reasearch in 2012.
What is the life span of a tick?
A average life span is about 1 year
