Which of the following is an example of a good produced under monopoly?
A) DVDs
B) Books
C) Aerated drinks
D) Patented software

Question

Quizplus · Accepted Answer

Patented software is an example of a good produced under monopoly as it is protected by a patent and only one company has the exclusive rights to produce and sell it. The other options (DVDs, books, aerated drinks) may be produced under monopolistic competition, but not necessarily under a monopoly.

Which of the Following Is an Example of a Good