If Your Local Government Gives You the Exclusive Right to Sell

question 199

Multiple Choice

If your local government gives you the exclusive right to sell breakfast bagels in your community, your monopoly would result from:

• A) sunk costs.
• B) location.
• C) economies of scale.
• D) government restrictions.

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Definitions:

Hypothetical

Pertaining to a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation or as a suggested point of argument.

Extended Argument

A discussion in which reasons are given in support of a conclusion, typically involving several steps or stages.

Propositions

Statements that express ideas or opinions that can be either true or false.

Camping Trip

An excursion, typically involving overnight stays away from home in a shelter such as a tent or recreational vehicle.