If a "Certificate of Convenience and Public Necessity" Protects a Monopolist's

question 127

Multiple Choice

If a "certificate of convenience and public necessity" protects a monopolist's position, the barrier to entry this firm relies on is called

• A) a tariff.
• B) a government license.
• C) a patent.
• D) economies of scale.

---

Definitions:

Posterior Flagellum

A whip-like structure located at the rear end of certain cells or organisms, aiding in movement.

Monophyletic Group

A group of organisms that consists of a common ancestor and all its descendants, representing a single branch on the tree of life.

Desiccating Effect

The process or effect of removing water from something, often leading to drying out or dehydration.

Primary Challenge

An initial test or encounter designed to assess the strength, capabilities, or viability of an entity or concept.