A Monopoly Can Be Temporary Because Of

question 126

Multiple Choice

A monopoly can be temporary because of:

• A) high barriers to entry.
• B) privileges granted by the government.
• C) economies of scale.
• D) economic profits, which attract rivals.

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Definitions:

Mobile Phone

A portable telephone device that uses a network of radio stations to enable voice and data communication over long distances.

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Interview techniques that probe into past behavior as a predictor of future performance in similar circumstances.

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The ability of two systems or entities to work together harmoniously without conflict or error.

Work Experience

The history of jobs and roles a person has held, reflecting their skills, competencies, and professional development.