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.

---

Definitions:

Red Blood Cell Count

A measure of the number of red blood cells in a volume of blood, indicative of the body's oxygen-carrying capacity.

Oxygen Supply

The availability and provision of oxygen to body tissues, crucial for aerobic metabolism and overall physiological function.

Glycolysis

A series of reactions that break down glucose into pyruvate, producing ATP and NADH, occurring in the cytoplasm of cells.

Aerobic Respiration

A metabolic process that uses oxygen to convert glucose or other nutrients into energy (ATP), releasing carbon dioxide and water as byproducts.