Multiple Choice
What does a government do when it wants to give an exclusive right to one firm to produce a product?
A) It imposes a tariff on imports of the product.
B) It imposes a quota on imports of the product.
C) It grants a patent or copyright to an individual or firm.
D) It uses antitrust laws to keep other firms from entering the market.
Correct Answer:
Verified
Correct Answer:
Verified
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