Governments often have the potential to influence whether firms are monopolies. K How might the government affect whether a firm is a monopoly? The government could O A. grant a firm a public enterprise, allowing it to benefit from network externalities. O B. grant a firm a public franchise, making it a natural monopoly. O C. grant a copyright to a firm, giving it the exclusive right to produce a product. O D. grant a patent to a firm, making it a natural monopoly. O E. reduce taxes so that a firm benefits from diseconomies of scale.nment 3 Question 14 of 21 > This test: 60 point(s) possible This question: 2 point(s) possible Submit test Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $80,000 a year, and he pays workers $100,000 in wages. In return, he produces 300,000 baskets of peaches per year, which sell for $3.00 each. Suppose the interest rate on savings is 2 percent and that the farmer could otherwise have earned $40,000 as a shoe salesman. What is the farmer's economic profit? The peach farmer earns economic profit of $ . (Enter your response as an integer.) What is the farmer's accounting profit? The peach farmer earns accounting profit of $ . (Enter your response as an integer.)