Exclusive ownership of a key resource
A)is the most common cause of a monopoly.
B)is a potential but rare cause of a monopoly.
C)explains the monopoly ownership of the US Postal Service.
D)explains why a single firm distributes water to a community.

Question

Quizplus · Accepted Answer

While exclusive ownership of a key resource can potentially lead to a monopoly, it is not the most common cause of a monopoly. Other factors such as economies of scale, government regulations, and barriers to entry are more commonly responsible for creating a monopoly. While it may explain why a single firm distributes water to a community, it does not explain why the US Postal Service has a monopoly.

Exclusive Ownership of a Key Resource