Which of the Following Is NOT a Reason That Monopolies

question 37

Multiple Choice

Which of the following is NOT a reason that monopolies arise?

• A) patents
• B) economies of scale
• C) excess competition
• D) control of natural resources

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Definitions:

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Set Aside

A legal term that refers to the court's power to invalidate or annul a decision or action.

Induced

The act of being led or moved by persuasion or influence, often used in contexts involving decisions or actions.

Recklessly

Behaving with a lack of concern for the risk or negative consequences of one's actions, often leading to harm or damage.