152k views
2 votes
What type of monopoly is based on ownership of a manufacturing method or other scientific process?

Question 1 options:

Government monopoly


Natural monopoly


Technological monopoly


Geographic monopoly

2 Answers

4 votes

Answer

GEOGRAPHIC MONOPOLY

A MONOPOLY BASED ON THE ABSENCE OF OTHER SELLERS IN A CERTAIN GEOGRAPHIC AREA

natural monopoly

a market situation where the costs of production are minimized by having a single firm produce the product

TECHNOLOGICAL MONOPOLY

A MONOPOLY BASED ON OWNERSHIP OR CONTROL OF A MANUFACTURING METHOD, PROCESS, OR OTHER SCIENTIFIC ADVANCE

GOVERNMENT MONOPOLY

A MONOPOLY THE GOVERNMENT OWNS AND OPERATES

Step-by-step explanation:

User KarenAnne
by
5.4k points
4 votes

Answer:

the answer is technological monopoly

Explanation:hope this helps

User OlivierTerrien
by
5.4k points