Legal or Governmental Restrictions That Give Monopolistic Advantages to a Firm

question 106

Multiple Choice

Legal or governmental restrictions that give monopolistic advantages to a firm include all of the following EXCEPT

• A) franchises.
• B) environmental protection.
• C) exclusive ownership of an unimportant resource.
• D) patents.

---

Definitions:

Rectifiers

Electrical devices that convert alternating current (AC) to direct current (DC), allowing the flow of charge in one direction only, and are widely used in power supply units and electronics.

Converters

Devices that transform energy from one form to another, such as AC to DC in electrical systems, or physical units in digital systems.

Amperes

The unit of electric current, representing the flow of one coulomb of charge per second.

Watts

The SI unit of power, representing one joule per second, used to quantify the rate of energy transfer.