Which of the Following Statements Is True Regarding a Monopoly

question 90

Multiple Choice

Which of the following statements is true regarding a monopoly?

• A) It is enjoyed by an organization that is the sole supplier of a good or service.
• B) It is common in the telecommunications industry.
• C) It cannot be achieved temporarily, even through the use of patents and similar legal devices.
• D) It is the most common type of competition in the U.S. market.

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