EC120 Lecture Notes - Lecture 17: Natural Monopoly
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Related Questions
What might create a monopoly?
a. |
a key resource is owned by a single firm. |
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b. |
the government gives a single firm the exclusive right to produce a good or service. |
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c. |
a single firm can produce output at a lower cost than a larger number of producers. |
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d. |
all of the above |