Asked by
Malayah Johnnson
on Oct 12, 2024
Verified
Government licensing,patents,and government franchising are all examples of
A) economies of scale.
B) economies of being established.
C) legal barriers to entry.
D) control of an essential resource.
Government Franchising
A process by which a government grants a company the exclusive right to operate, produce, or sell a service within a certain area.
Legal Barriers
Restrictions established by law or regulation that control how businesses operate, often to limit competition or protect consumers.
- Identify factors leading to the existence of monopolies, including legal barriers and control of resources.
Verified Answer
KR
Learning Objectives
- Identify factors leading to the existence of monopolies, including legal barriers and control of resources.