Which of the following can create a monopoly? I. high prices
II) public franchise
III) patent
IV) government license
A) I and II
B) I and III
C) I, II and III
D) II, III and IV

Question

Quizplus · Accepted Answer

A public franchise, patent, and government license can all create a monopoly by legally restricting competition and granting exclusive rights to a single entity. High prices alone do not create a monopoly.

Which of the Following Can Create a Monopoly? I