EXERCISES

UNIT 12 hal 75
No 2. Say whether these statements are true (T) or false (F), and if they are false say why.

a (F) 'Monopoly' describes a market in which there is only one seller or a very limited number of sellers.
b (F) In theory there are four kinds of monopoly.
c (T) States always monopoliez importan basic commodities.
d (T) Egyptian nickel is good example of a natural monopoly.
e (F) Cornering the market is quite legal in the USA.
f  (T) The Monopolies Commission consider that it is undersirable to restrict business mergers.