Governments often confer monopoly status by _____
A)allowing firms to sell a particular good or service domestically.
B)prohibiting any firm from selling a particular good or service internationally.
C)awarding several firms the right to supply a particular good or service.
D)prohibiting any firm from supplying a particular good or service.
E)awarding an individual firm the exclusive right to supply a particular good or service.

Question

Quizplus · Accepted Answer

Governments confer monopoly status by awarding an individual firm the exclusive right to supply a particular good or service. This is typically through a patent, copyright, or other intellectual property rights.

Governments Often Confer Monopoly Status by _____