Which of the Following Is Not a Reason for the Existence

question 124

Multiple Choice

Which of the following is not a reason for the existence of a monopoly?

• A)Sole ownership of a key resource
• B)Patents
• C)Copyrights
• D)Diseconomies of scale

---

Definitions:

Long-term Debt

Financial obligations that are due for repayment beyond the current year or operating cycle.

Lease Liabilities

Financial obligations recorded on the balance sheet representing the present value of future lease payments.

Supplies

Items used in the operating activities of a business, not directly tied to the final product.

Property Plant and Equipment

Long-term tangible assets used in the operation of a business, such as buildings, machinery, and vehicles.