A company owns the only stone quarry in the area so all businesses and consumers who want to buy granite have only one option. Comcast is the single producer of cable services in the area because Comcast is able to supply their service at the lowest cost by being a single provider. A patent allows a pharmaceutical company to be the sole producer of a particular drug. These types of monopolies are very Government-created monopoly Resource monopoly Natural Monopoly O 1 INTL ng list 3:56

A company owns the only stone quarry in the area so all businesses and consumers who want to buy granite have only one option. Comcast is the single producer of cable services in the area because Comcast is able to supply their service at the lowest cost by being a single provider. A patent allows a pharmaceutical company to be the sole producer of a particular drug. These types of monopolies are very Government-created monopoly Resource monopoly Natural Monopoly O 1 INTL ng list 3:56

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter16: Government Regulation

Section: Chapter Questions

Problem 2.2CE

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