Wellness Pharmaceuticals has actually released a brand-new antidepressant, Lexabuzac. Which kind of monopoly does the agency most likely have on this medication?

d. technological monopoly

The industry for which item generally involves pure competition?

b. corn

Which ideal describes just how the government allows government monopolies to exist?

c. by producing and running a monopoly

Who sets the price in a monopolistic competition?

a. producers and consumers

The lack of competition within a monopoly implies that

d. monopolists collection their very own price.

You are watching: Which best describes how the government enables government monopolies to exist?

Why is competition limited in an oligopoly?

a. High enattempt prices prevent new producers from entering the industry.

Which is an example of a federal government monopoly in the United States?

a. the US Postal Service

______________ is the term offered to describe the amount of control or affect that consumers have actually on a industry.

Sovereignty

Why is the automobile sector taken into consideration an oligopoly?

b. It has substantial obstacles to entry. e. It counts on brand also loyalty and picture to geneprice sales. f. It is conquered by a few essential players.

When an oligopoly exists, just how many kind of producers conquer the market?

c. a few

____________ is the type of competition that occurs in a competitive industry without similar producers.

Monopolistic

In pure competition, producers contend exclusively on the basis of

a. offer similar items.

See more: A Treasury Yield Curve Plots Treasury Interest Rates Relative To Which One Of The Following?

Natural monopolies occur once one producer

a. deserve to fulfill the market’s whole demand also.

In the USA, which form of market is regularly taken into consideration part of an oligopoly?

b. cell phone carriers

Which finest describes exactly how the federal government sanctions technical monopolies?

c. by issuing a patent for the technology


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