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Business Strategy MCQs

What is a legal monopoly?

It is a monopoly that is protected by law from competition usually through government means where a company has been granted exclusive rights to offer a particlar service in a specific region

An agreement between two dominant companies in which they agree to allow one company to prosper in one product area and another to prosper elsewhere

An agreement between two companies in which one company agrees to create inferiror goods at a low price point, and another agrees to create high quality products at a high price point to prevent competition costs between the two companies

When a single holding company owns all companies in one industry.

Answer

Correct Answer: It is a monopoly that is protected by law from competition usually through government means where a company has been granted exclusive rights to offer a particlar service in a specific region

Explanation:

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