Which of the Following Contributes to a Firm Maintaining a Monopoly

question 77

Multiple Choice

Which of the following contributes to a firm maintaining a monopoly?

• A)Exclusive franchises.
• B)The existence of substitute goods.
• C)A large number of firms in the industry.

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Definitions:

Great Deprivation

A severe lack of basic necessities or comforts of life, which can include food, shelter, and access to healthcare.

Union Density

A measure of the proportion of workers who are members of labor unions compared to the total workforce, often used to gauge the strength and influence of unions.

Union Representation

The act of a labor union standing in for its members in negotiations and discussions with employers.

Union Organization

An association of workers formed to negotiate collectively with their employer regarding wages, work conditions, and other aspects of their work.