The land you own has the only known source of aloe needed to make anti-itch lotion.In this case,your monopoly results from:

A) government restrictions.
B) location.
C) sunk costs.
D) ownership of scarce inputs.

Question

ADRIANNA DOOLEY · Accepted Answer

Final Answer : D, Explanation :  The monopoly in this case is a result of ownership of a scarce input, which is the land with the only known source of aloe. There are no government restrictions or sunk costs involved, and location alone would not create a monopoly unless it also involved ownership of a scarce input.

The land you own has the only known source of aloe needed to make anti-itch lotion.In this case,your monopoly results from:

A) government restrictions.
B) location.
C) sunk costs.
D) ownership of scarce inputs.

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Learning Objectives

Related questions

The land you own has the only known source of aloe needed to make anti-itch lotion.In this case,your monopoly results from:A) government restrictions.B) location.C) sunk costs.D) ownership of scarce inputs.

Definitions

Learning Objectives

Learning Objectives

Related questions

The land you own has the only known source of aloe needed to make anti-itch lotion.In this case,your monopoly results from:

A) government restrictions.
B) location.
C) sunk costs.
D) ownership of scarce inputs.