Which of the Following Is an Example of a Monopolist

question 140

Multiple Choice

Which of the following is an example of a monopolist granted a legal market power? (You need to do some information gathering for this problem.)

• A) American Telephone and Telegraph Company until 1984
• B) Major League Baseball in the United States
• C) Salt Commission in China in the eighth and ninth centuries (Tang Dynasty).
• D) All of the above

---

Definitions:

Diffusion

The mechanism through which an inventive idea is transmitted over time through selected routes among members of a societal system.

Complex Innovations

Advanced, intricate changes or improvements in processes, products, or systems that often require significant understanding and adaptation.

Diffusion

The method whereby a new idea is spread via specific pathways over a period among individuals within a social network.

Trialability

Refers to the extent to which an innovation can be tested or experimented with on a limited basis before making a full-scale adoption decision.