Practice Quiz

Forensic Accounting

Category - Specialized Forensic Knowledge

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Which of the following is TRUE about infringement?
  1. It alters the market dynamics
  2. Market changes from monopoly to duopoly
  3. Price level changes
  4. All of the above
Explanation
Answer: D - When infringement occurs, it significantly alters the dynamics of a market. Monopoly becomes duopoly, i.e., two firms managing and controlling the market. Price levels also change when there is infringement. Hence, all the mentioned factors are correct in describing infringement.
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