A monopoly is most likely to emerge and be sustained when:

Output demand is relatively elastic.

Firms have U-shaped average total cost curves.

Fixed capital costs are small relative to total costs.

Economies of scale are large relative to market demand.

Question

A monopoly is most likely to emerge and be sustained when:
 


Output demand is relatively elastic.


Firms have U-shaped average total cost curves.


Fixed capital costs are small relative to total costs.


Economies of scale are large relative to market demand.

A monopoly is most likely to emerge and be sustained when:

Output demand is relatively elastic.

Firms have U-shaped average total cost curves.

Fixed capital costs are small relative to total costs.

Economies of scale are large relative to market demand.

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Introductory Statistics

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A monopoly is most likely to emerge and be sustained when: Output demand is relatively elastic. Firms have U-shaped average total cost curves. Fixed capital costs are small relative to total costs. Economies of scale are large relative to market demand.

Unlock all answers

Related textbook solutions

Introductory Statistics

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A monopoly is most likely to emerge and be sustained when:

Output demand is relatively elastic.

Firms have U-shaped average total cost curves.

Fixed capital costs are small relative to total costs.

Economies of scale are large relative to market demand.