Which of the Following Statements Is True Regarding a Monopoly

question 110

Multiple Choice

Which of the following statements is true regarding a monopoly?

• A)It is enjoyed by an organization who is the sole suppliers of a good or service.
• B)It is common in the telecommunications industry.
• C)It cannot be achieved temporarily, even through the use of patents and similar legal devices.
• D)It is the most common type of competition in the U.S. market.

---

Definitions:

Globalization

The integration and interdependence of economic, social, cultural, and ecological facets of life, enabled by rapid advances in information technology.

Societal Pressure

The influence exerted by the society on individuals or organizations to conform to certain norms, values, or behaviors.

"As Is" Process

The documentation or mapping of a process or system exactly as it currently operates, without any modifications or improvements.

Process Resources

Assets, personnel, information, and equipment required to perform and manage process activities within an organization.