One Way a Government Might Protect Monopoly Rights Is By

question 11

Multiple Choice

One way a government might protect monopoly rights is by:

• A) granting a patent.
• B) heavily taxing alcohol and cigarettes.
• C) running unsubsidized state-owned enterprises that compete with private firms.
• D) All of these are ways the government protects monopoly rights.

---

Definitions:

Revenue

The total amount of money generated from the sale of goods or services, before deducting any expenses.

Total Cost

The complete cost of production that includes both fixed and variable expenses incurred to produce a good or service.

Quantity

The quantity of a physical or intangible asset or service.

Managers

Individuals in an organization responsible for directing and overseeing the work of others to achieve the organization's goals.