Which of the Following Is NOT a Source of Monopoly

question 38

Multiple Choice

Which of the following is NOT a source of monopoly?

• A) patents given by the government to firms to encourage inventive activity
• B) technologies that allow each of many small firms to produce at the same per-unit costs as one large firm
• C) control of crucial inputs in the production of a good
• D) government licensing requirements

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Definitions:

Syndicate

A group of individuals or organizations combined to promote a common interest.

Contracts Fraud

Contracts fraud involves the intentional deception or misrepresentation made by a party in a contract to gain a financial advantage or to harm the other party, often relating to the falsification or concealment of information.

Business Organization

The structure and framework within which an enterprise operates, detailing the roles, relationships, and responsibilities of its entities.

Pool Their Resources

To combine assets, funds, or talents of a group of people for a common purpose or to achieve a common goal.