Asked by Kayla Olson on Jun 18, 2024
Verified
In which of these,a local,state,or federal government grants exclusive rights in a certain market to a single firm.
A) Pure competition
B) Oligopolies
C) Regulated monopolies
D) Monopolistic competition
Regulated Monopolies
Market situations in which local, state, or federal government grants exclusive rights in a certain market to a single firm.
- Understand the effects of government intervention in the economy, such as through taxes, subsidies, and regulation.
Verified Answer
OH
Olivia HouseyJun 19, 2024
Final Answer :
C
Explanation :
Regulated monopolies are where a government grants exclusive rights in a certain market to a single firm, often to ensure consistent and reliable service in areas considered natural monopolies, such as utilities.
Learning Objectives
- Understand the effects of government intervention in the economy, such as through taxes, subsidies, and regulation.