Multiple Choice
Natural monopoly occurs when:
A) the scale economies in production are so large that only a single firm can survive.
B) there are firms joining together to limit output and raise prices.
C) the government intervenes by putting barriers such as licenses or certifications.
D) there are patents.
Correct Answer:
Verified
Related Questions
Q3: Most often,a natural monopoly will
A) charge the
Q10: If a natural monopoly is allowed to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents