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David Trevino
on Oct 27, 2024

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If the state government gave you the exclusive right to sell cement to municipalities,your monopoly would result from:

A) sunk costs.
B) government restrictions to entry.
C) economies of scale.
D) location.

Government Restrictions

Regulations imposed by authorities to control or limit certain activities, behaviors, or operations.

Exclusive Right

A legal provision giving the holder the sole permission to produce, use, or sell a particular commodity or concept.

Cement

A binding agent used in construction that sets, hardens, and adheres to other materials, commonly used to bind sand and gravel in concrete.

  • Recognize the role of government restrictions, patents, and control over resources in creating monopolies.
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KS
Kusum SyangboOct 31, 2024
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