If you had an official license for the exclusive right to sell breakfast bagels in your community,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.

Question

Kanecia Jones · Accepted Answer

Final Answer : D, Explanation :  Monopoly resulting from government-set barriers is known as a legal monopoly. In this case, the license granted by the government gives the exclusive right to sell breakfast bagels. This creates a barrier for other potential competitors, resulting in a monopoly in the community.

If you had an official license for the exclusive right to sell breakfast bagels in your community,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.

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Learning Objectives

Learning Objectives

Related questions

If you had an official license for the exclusive right to sell breakfast bagels in your community,your monopoly would result from:A) control of a scarce resource or input.B) technological superiority.C) increasing returns to scale.D) government-set barriers.

Definitions

Learning Objectives

Learning Objectives

Related questions

If you had an official license for the exclusive right to sell breakfast bagels in your community,your monopoly would result from:

A) control of a scarce resource or input.
B) technological superiority.
C) increasing returns to scale.
D) government-set barriers.