Which of the Following Statements Is False

question 106

Multiple Choice

Which of the following statements is false?

• A)Congress has granted the U.S.Postal Service the exclusive franchise to deliver first-class mail.
• B)A natural monopoly exists where economies of scale are so pronounced in an industry that only one firm can survive.
• C)In the United States patents are granted for a period of 10 years.
• D)A public franchise is a right granted to a firm by government that permits the firm to provide a particular good or service and excludes all others from doing the same.

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