Limited government licenses that create a monopoly do so because the license is an entry barrier.
Hence, option C is correct.
What do you mean by monopoly in economics?
Monopoly can be defined as a situation where there is a dominance of a single seller in the market. It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.
The main features revolves around
- Only One Seller and Various Buyers.
- No Produce Replacement Option
- Very Difficult to Enter in Market.
- Pricing Control.
- Government Driven.
- Natural Monopoly.
There are usually three types of monopoly
- Natural Monopolies.
- State Monopolies.
- Un-natural Monopolies.
To know more about monopoly from the given link
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Answer:
MATCHED
Explanation:
TOOK THE TEST
"Expenses should be matched with revenues. A deferred expense or prepayment, prepaid expense, is an asset representing cash paid out to a counterpart for goods or services to be received in a later accounting period."
Answer: Characteristics Of A Great Scrum Team. ... Within Scrum self-organizing, cross-functional, and highly productive teams do the work: creating valuable releasable product increments. Scrum offers a framework that catalyzes the teams learning through discovery, collaboration and experimentation.
Explanation:
A Scrum Team is a collection of individuals working together to deliver the requested and committed product increments. To work effectively it is important for a Scrum Team that everyone within the team. follows a common goal.
Answer:
- it is the result of the core collapse of a low-mass star that sheds its outer layers.
-it cools down to become a black dwarf.
Explanation:
because its right, alright.
(PLATO)
Answer:
Government often feel that they must increase government expenditures or be voted out of office.
Central banks in developing countries often do not enjoy full independence, and are used by corrupt government to finance deficit spending.
Explanation:
Inflation is the decline in purchasing power of a currency. The increase in inflation lead to less spending. Government increase inflation to cease increased money flow in the country. The prices of goods and services are increase in the country when inflation increases.
