Fill in the Blank QuestionFill in the blank question.Patents, economies of scale, and resource ownership are all assumptions of the pure model.

Multiple Select QuestionSelect all that applyWhich of the following are assumptions made in the model of pure monopoly?Multiple select question.Patents, economies of scale, and resource ownership secure the firm's monopoly.The firm is a multi-price monopolist and charges different prices for all units of output.No unit of government regulates the firm.The government regulates the firm.The firm is a single-price monopolist and charges the same price for all units of output.

Market models such as pure competition and pure monopoly are useful in evaluating the economic efficiency of an industry.Question 11Select one:TrueFalse

State any assumptions you are making in using this model.

In an economic model:

Fill in the Blank QuestionFill in the blank question. and development leads to most patentable inventions and products.