Which of the Following Can Create a Monopoly? I

question 509

Multiple Choice

Which of the following can create a monopoly? I. high prices
II) public franchise
III) patent
IV) government license

• A) I and II
• B) I and III
• C) I, II and III
• D) II, III and IV

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Definitions:

Customs

What is considered normal and expected about the way people do things in a specific country.

Morals

Principles or beliefs about what is right and wrong, guiding behavior and serving as a basis for ethical decision-making.

Ethics

The moral principles and values that govern the actions and decisions of an individual or group.

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