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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 using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

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

CFA® 2025 Level I Curriculum, Volume 1, Module 1.