Which of the following could create a cost advantage for a monopoly?
A) better technology
B) lower friction due to better organization
C) standardization
D) All of the above.
D
Economics
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If all firms had to bear all the social costs of their actions, we should observe marginal cost curves
A) of all firms shifting up. B) of some firms shifting up, of some others shifting down, and of the rest not shifting at all. C) of all firms that had generated externalities shifting up while there would be no change for the rest of the firms. D) of some firms shifting up and of the rest shifting down.
Economics
Using Figure 8.1, a decrease in the quantity of aggregate demand resulting from the interest rate effect would be depicted as a movement from point
A. A to point C. B. B to point C. C. C to point A. D. B to point A.
Economics