According to the text, the most important of the five factors which give rise to monopoly is
A)exclusive control over important inputs.
B)economies of scale.
C)patents.
D)government licenses.
E)network economies.

Question

Quizplus · Accepted Answer

The text explicitly states that "economies of scale" is the most important factor giving rise to monopoly. The other factors – exclusive control over important inputs, patents, government licenses, and network economies – are also important, but not as central as economies of scale.

According to the Text, the Most Important of the Five