If economies of scale allow one cable TV firm to supply the entire market at the lowest possible cost, then this company is
A) a natural monopoly.
B) not a monopoly.
C) a monopoly, but not a natural monopoly.
D) a legal monopoly.
Correct Answer:
Verified
Q31: A patent grants
A) a guarantee of quality
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)
Q37: An industry in which economies of scale
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