An industry in which economies of scale allow one firm to supply the entire market at the lowest possible cost is called a
A) legal monopoly.
B) natural monopoly.
C) single-price monopoly.
D) one-firm monopoly.
Correct Answer:
Verified
Q32: Patents encourage inventions because without a patent
A)
Q33: A copyright creates a monopoly by restricting
A)
Q34: A monopoly that sells every unit of
Q35: A single-price monopoly charges the same price
A)
Q36: If economies of scale allow one cable
Q38: A natural monopoly
A) is not protected by
Q39: Patents create monopolies by restricting
A) demand.
B) prices.
C)
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