A Likely Cause of a Natural Monopoly Occurring in Some

question 98

Multiple Choice

A likely cause of a natural monopoly occurring in some industry is

• A)scale economies.
• B)patents.
• C)licenses.
• D)charters.
• E)sabotage.

---

Definitions:

Voluntary Practices

Actions or policies adopted by individuals or organizations out of choice rather than due to legal requirements, often reflecting ethical or sustainability standards.

Strategic Philanthropy

Involves companies aligning their charitable giving with their business goals and objectives, often to bring about social change or benefit their industry or operating context.

Dodd-Frank Wall Street

A United States federal law passed in 2010 aimed at reducing risks in the financial system by imposing comprehensive regulations on financial institutions.

Financial Literacy

The ability to understand and use various financial skills, including personal financial management, budgeting, and investing.