A monopoly which arises from significant economies of scale is referred to as a

A) monopolistic competitor.
B) strategic resource monopoly.
C) natural monopoly.
D) patent monopoly.

Answer: C

Economics

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The new growth theory of economic growth examines the interaction of

A) regulations and capital expansion. B) technology, research, and innovation. C) resources and labor productivity. D) labor and population.

Economics

Britain imports some goods and exports other goods primarily because of:

A) free goods. B) specialization. C) unemployment. D) self-sufficiency.

Economics