Which of the following statements is true regarding a monopoly?

Which of the following statements is true regarding a monopoly?







a. It is enjoyed by an organization who is the sole suppliers of a good or service.
b. It is common in the telecommunications industry.
c. It cannot be achieved temporarily, even through the use of patents and similar legal devices.
d. It is the most common type of competition in the U.S. market.











Answer: A


Marketing

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