There Are Only Two Justifications for Monopoly: ______________ and _____________

question 22

Multiple Choice

There are only two justifications for monopoly: ______________ and _____________.

• A)economies of scale;natural monopolies
• B)economies of scale;patents
• C)natural monopolies;patents
• D)imperfect competition;being established

---

Definitions:

One-sample

Involves statistical inference methods that compare the mean of a single sample to a known value or theoretical expectation.

Degrees of Freedom

The number of independent pieces of information in a statistical calculation, often equal to the sample size minus the number of parameters estimated.

Categories

Groups or classes into which data or objects are organized based on shared characteristics.

Chi-square

A statistical test used to determine if there is a significant association between two categorical variables.