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In Many Cities the Market for Cab Services Is Monopolized

Question 12

Multiple Choice

In many cities the market for cab services is monopolized.This monopoly arises because:


A) of economies of scale.
B) of government restriction of entry.
C) there is a limited space on the streets for taxis.
D) it protects the consumers from unscrupulous drivers.
E) of high fixed costs of entering the business.

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