Question

What government actions can lead to the creation of monopolles?

Answer 1

GOVERMENT CREATED MONOPOLIES ARE INTENDED TO RESULT IN ECONOMIES OF SCALE THAT BENIFIT CONSUMER BY KEEPING COSTS DOWN?..

Answer 2

The government can issue a patent to a company so that the firm can profit from its own research without competition. It can also issue a franchise to an entrepreneur or a firm, so the product can be sold in a local market exclusively.

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