Business, 16.03.2020 22:35 kelseatuttleni

Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits to better hold in the wearer’s body heat. After a close encounter with a shark, a customer discovers that the new material protects against shark bites. Soon after, Millcorp’s sales explode and it achieves 90% market share in diver wetsuits. Which of the following best describes this situation?a)Millcorp has a lawful natural monopolyb)Millcorp has a lawful innocent acquisition of a monopoly. c)Millcorp does not have a monopoly. d)Millcorp can likely be found guilty of pursuing monopoly power.

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Millcorp sells wetsuits for deep sea divers. It recently engineered a new material for its wetsuits...

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