It is very rare for monopolies to arise from exclusive ownership of a resource because:

Question

Quizplus · Accepted Answer

Monopolies require exclusive ownership of a resource for which there are no close substitutes. However, such resources are rare, and even if a firm does own a unique resource, it may not be able to monopolize the market due to factors such as the small size of the market or the local nature of the resource. Therefore, option C is the best choice.

It Is Very Rare for Monopolies to Arise from Exclusive