Monopolies Need Some Type of Barrier to Entry to Keep

question 40

True/False

Monopolies need some type of barrier to entry to keep potential competitors away.

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Definitions:

Check Register

A place for recording important information about each transaction.

Cash Balance

The amount of cash on hand or in a bank account that is immediately available for use.

Deposit

A deposit is a sum of money placed in an account or given to a party as security for the fulfillment of a contract, often refundable after certain conditions are met.

Check Stub

A check stub is the part of a check that is kept as a record by the issuer, detailing the amount, date, and payee of the check.