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Basic Question 7 of 22

A market in which competition and entry are restricted by the granting of a public franchise, government license, patent, or copyright is a ______.

A. natural monopoly
B. single-price monopoly
C. legal monopoly

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly

CFA® 2024 Level I Curriculum, Volume 1, Module 1.