Which of the Following Is NOT a Reason That Monopolies

question 37

Multiple Choice

Which of the following is NOT a reason that monopolies arise?

• A) patents
• B) economies of scale
• C) excess competition
• D) control of natural resources

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Definitions:

Decision Development

The process of forming, analyzing, and determining the best course of action among several alternatives.

Ethical Rationalization

The process of justifying actions or decisions based on ethical principles, often used to explain or defend moral choices.

Forecasting

The process of making predictions about future events or trends, based on analysis of historical data and current information.

Cognitive Dissonance

A psychological phenomenon experienced when an individual holds two or more contradictory beliefs, ideas, or values, leading to discomfort and the motivation to reduce the inconsistency.