Which of the Following Is Likely to Be a Monopolist

question 57

Multiple Choice

Which of the following is likely to be a monopolist?

• A) A small firm with a patent granting it the exclusive right to produce a drug.
• B) A large firm,such as HP,that produces a substantial portion of the printer market.
• C) Bell Helicopter which is one of the largest producers of helicopters in the world.
• D) A major car manufacturer such as General Motors.

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Definitions:

Primarily Liable

Liable for paying the amount designated on an instrument when it is presented for payment.

Common Law Lien

A right to keep possession of property belonging to another person until a debt owed by that person is paid in full.

Statute

A written law passed by a legislative body at the federal, state, or local level.

Property Claim

A legal assertion by an individual or entity over the ownership or compensation for loss or damage to property.