The U.S.Postal Service
A)has its monopoly status guaranteed by government franchise
B)enforces copyrights and patents in the United States.
C)owes its monopoly status to network externalities
D)is a monopoly because it controls a scarce resource
E)has a horizontal average total cost curve

Question

Quizplus · Accepted Answer

The U.S. Postal Service has its monopoly status guaranteed by government franchise, which means that it has exclusive rights to deliver First-Class Mail, Standard Mail, and Periodicals to residential and business addresses.