In general, economists are critical of monopoly where _______ exist(s).
A) no natural monopoly
B) a natural monopoly
C) only a few firms
D) persistent economies of scale

Question

Quizplus · Accepted Answer

Economists are critical of monopolies where no natural monopoly exists because they can lead to inefficiencies, higher prices, and reduced innovation compared to competitive markets. Natural monopolies, on the other hand, might be more efficient in certain industries due to high fixed costs and economies of scale.

In General, Economists Are Critical of Monopoly Where _______ Exist(s)