A natural monopoly is
A) An industry that is dominated by a single firm.
B) An industry in which one firm can achieve economies of scale over the entire range of market supply.
C) An unregulated monopoly.
D) A monopoly that always benefits society even when it is unregulated.
Correct Answer:
Verified
Q41: A monopoly occurs when
A)A firm gains some
Q42: Generally speaking,monopolies
A)Have great productive efficiency and are
Q43: Which of the following produces external benefits?
A)Garbage
Q44: Antitrust activity addresses
A)Market power.
B)Inequity.
C)Macro instability.
D)Public goods.
Q45: When external costs result from the production
Q47: Market power may result from
A)Antitrust policy.
B)Control of
Q48: Which of the following justifies the federal
Q49: If the consumption of a good yields
Q50: The market will overproduce goods that have
Q51: An externality affecting demand can be measured
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