2
QuizMultiple Choice

Market Structures and Competition

Question 2 • 2102320-Economics HONORS - Edgenuity Teacher

Which best describes how the government sanctions technological monopolies?

Answer
A
by creating the technology itself
B
by prohibiting others from entering the market
C
by issuing a patent for the technology
D
by authorizing one producer

Explanation

The government can sanction a technological monopoly by granting a patent, which gives the inventor exclusive legal rights to make or sell the invention for a limited time. This protects the inventor from competitors copying the technology. The best choice is “by issuing a patent for the technology.”

AI-written and checked against the verified answer.

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