If your local government gave you the exclusive right to sell breakfast bagels in your community, your monopoly would result from:

Question

Quizplus · Accepted Answer

A monopoly resulting from government-created barriers is a type of legal monopoly. In this case, the local government has given the exclusive right to sell breakfast bagels to a particular individual or group, thereby limiting competition in the market. This can create higher prices for consumers and may not necessarily be driven by control of a scarce resource or input, technological superiority, or increasing returns to scale.

If Your Local Government Gave You the Exclusive Right to Sell