BU111 Chapter Notes - Chapter 13: Pfizer, Rogers Communications, Pearson Education
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BU111 Full Course Notes
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13. 1 monopoly and how it arises: an exclusive right granted to a firm to supply a good or service is, a licence, a patent, a public franchise, the essential characteristic of natural monopoly, an economy of scale. Topic: monopoly and how it arises: suppose in an industry a firm realizes economies of scale over the entire length of its lrac curve. In this situation, the firm is: a natural monopoly, a fixed-cost monopoly, an output-discriminating monopoly, a perfect-price discriminating monopoly, a constant total variable cost monopoly. Topic: monopoly and how it arises: which of the following is least likely to be a natural monopoly, subway services, electric utilities, water and sewer services, taxicab service, cable television services. Topic: monopoly and how it arises: a single-price monopoly is a firm that ________ each unit of its output ________. Parkin/bade, economics: canada in the global environment, 8e: canada post has a monopoly on residential mail delivery.
