A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is
A) a cartel.
B) a natural monopoly.
C) a monopolistic competitor.
D) an oligopolist.
B
Economics
You might also like to view...
If businesses buy fewer capital goods, and nothing else changes, then total expenditures on U.S. goods and services will decrease. And if total expenditures decrease, then __________ will decrease; consequently, the __________ curve will shift __________
A) aggregate demand (AD); AD; rightward B) short-run aggregate supply (SRAS); SRAS; leftward C) aggregate demand (AD); AD; leftward D) interest rates; AD; leftward E) prices; AD; rightward
Economics
Refer to the graph. Which of the lines in the diagram represent(s) a proportional tax?
A. Both A and B.
B. D only.
C. C only.
D. B only.
Economics