There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action? A. economies of scale B. public franchise C. network externalities D. control of a key

A public franchise is when a firm becomes a monopoly as a result of the government giving the firm the exclusive right to produce a good or provide a service.

A monopoly is when there's only one firm operating in an industry.

Economies of scale is cost advantage that accrues to a firm as a result of large scale production.

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There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government​ action? A. economies of scale B. public franchise C. network externalities D. control of a key

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There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action? A. economies of scale B. public franchise C. network externalities D. control of a key