Introduction to Economics 1 Deneme Sınavı Sorusu #727430

In 1970, Turkish Electricity Authority (TEK) was created by the Turkish Government as a state owned and operated monopoly responsible for
electricity generation, transmission and distribution. In this sentence, a barrier in a market is examplified. What kind of barrier is this?

Having patents

Having copyrights

Ownership of a key resource

Private or public (state-owned) monopolies established by the government

Natural monopoly

Yanıt Açıklaması:

The government may give one person or firm the exclusive right to sell some good or service. Private or public (state-owned) monopolies established by the government. For example, in 1970, Turkish Electricity Authority (TEK) was created by the Turkish Government as a state owned and operated monopoly responsible for electricity generation, transmission and distribution. The correct answer is D.

PAYLAŞ:

SORUNUN CEVABI: D

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