An unnatural monopoly occurs when the scale economies in production are so large that only a single firm can earn profit.

Name: An unnatural monopoly occurs when the scale economies in production are so large that only a single firm can earn profit.
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Question

Quizplus · Accepted Answer

An unnatural monopoly, also known as a government monopoly or legal monopoly, occurs due to legal privilege or other government intervention, not solely because of scale economies in production.

An Unnatural Monopoly Occurs When the Scale Economies in Production