Ivan Jewels is an established diamond jeweler. Which of the following statements proves that it is a monopoly?
a. It is the only firm that owns the resources for the production of diamond jewelry
b. It is unable to come up with better technology to compete with other diamond jewelers.
c. It has made way for other firms to enter the industry and earn supernormal profits.
d. Ivan Jewels charges the same price as other diamond jewelers in the market.
a
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