A monopoly may exist because
A)government has refused to grant a public franchise.
B)one firm has the exclusive ownership of a necessary resource.
C)the firm is so large and is currently experiencing such vast diseconomies of scale that it can out-compete all newcomers.
D)a and b
E)a, b, and c

Question

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The Answer of A monopoly may exist because
A)government has refused to grant a public franchise.
B)one firm has the exclusive ownership of a necessary resource.
C)the firm is so large and is currently experiencing such vast diseconomies of scale that it can out-compete all newcomers.
D)a and b
E)a, b, and c

A Monopoly May Exist Because