The type of monopoly that develops as a result of grantin...
The type of monopoly that develops as a result of granting patent right is known as
Natural monopoly
State monopoly
Legal monopoly
Discriminating monopoly
Correct answer is C
A legal monopoly, also known as a statutory monopoly, is a firm that is protected by law from competitors. Patent rights are exclusive right conferred by a patent. This means only the company with the patent can make or produce the product.
A discriminatory monopoly is characterized by ...
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Given two substitute goods (X and Y) with demand and supply function; Qd = 7p - 12 Qs = 4p + 9 Fi...
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The amount, N4.08 million, shown as balance in the table represents ...