A Monopoly Arises for Two Key Reasons,which Are

question 93

Multiple Choice

A monopoly arises for two key reasons,which are

• A)barriers to entry and no close substitutes.
• B)franchises and barriers to entry.
• C)barriers to entry and close substitutes.
• D)close substitutes and no barriers to entry.
• E)natural and legal

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Definitions:

Bookkeeping

The systematic recording, organizing, and maintaining of financial transactions of a business, which is a subset of the accounting process.

Accounting

The systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business.

Quantified

Measured, expressed, or characterized in terms of quantity.

Accounting Transaction

An economic event that changes a company’s financial statements, involving the transfer of value between two parties.