To Have a Monopoly in an Industry There Must Be

question 188

Multiple Choice

To have a monopoly in an industry there must be

• A)barriers to entry so high that no other firms can enter the industry.
• B)a patent or copyright giving the firm exclusive rights to sell a product for 20 years.
• C)an inelastic demand for the industry's product.
• D)a public franchise, making the monopoly the exclusive legal provider of a good or service.

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Definitions:

National Association Of Securities Dealers Automated Quotations System

An electronic marketplace for buying and selling securities, better known as NASDAQ.

Triple Bottom Line

A sustainability framework that examines a company's social, environmental, and financial performance.

Environmental Performance

A measure of how well an organization or country is progressing towards meeting its environmental goals and obligations.

Social Performance

The measure of an organization's ability to manage its socio-environmental impacts, fulfill social responsibilities, and achieve social goals.