A right granted to a firm by government that permits the firm to provide a particular good or service and excludes others from doing the same is called
A)a natural monopoly.
B)a comparative advantage.
C)an economy of scale.
D)a public franchise.

Question

Quizplus · Accepted Answer

A public franchise is a right granted by the government to a firm that allows it to provide a specific good or service while excluding others from doing the same. This is often seen in utilities and public services.

A Right Granted to a Firm by Government That Permits