Question

In the context of firms being given the right to produce a good without competition, what does the government grant the firm?

a) A subsidy.
b) A monopoly.
c) A tax break.
d) A patent.

Answer 1

The government grants the firm a monopoly.

Step-by-step explanation:

In the context of firms being given the right to produce a good without competition, the government grants the firm a monopoly.