An Exclusive Right Granted to a Firm to Supply a Good

question 96

Multiple Choice

An exclusive right granted to a firm to supply a good or service is

• A)a licence.
• B)a patent.
• C)a public franchise.
• D)the essential characteristic of natural monopoly.
• E)an economy of scale.

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Definitions:

Pincer Grasp

The coordination of the index finger and thumb to hold an object, an important developmental milestone in infants.

Eleven Months

A period of time consisting of eleven consecutive calendar months.

Inspect

To look at something or someone carefully in order to detect faults or understand the details.

Objects

Physical items or entities that can be perceived by human senses and have a defined shape or form.