A monopoly can result because of:

Question

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A monopoly occurs when a single firm dominates the market for a particular good or service. One way this can happen is if the firm produces a unique good that no other firm produces, giving it complete control over the supply of that good. Options A and B refer to situations where ownership or legal patents are shared with other firms, which would make it difficult for any one firm to establish a monopoly. Option C, successful operations, does not necessarily lead to a monopoly, as there may be other competitors in the market who are also successful.

A Monopoly Can Result Because Of