Which of the following reasons explain why a natural monopoly might exist?
A. The government has banned other firms from entering the market.
B. The good or service is not proprietary.
C. Extremely high start-up costs.
D. A cartel owns the natural resource.
Answer: C
Economics
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a) fall b) remain contact c) rise d) not enough information is provided
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A liquidity trap occurs when the
a. LM curve is steep. b. LM curve is vertical. c. LM curve is relatively flat. d. IS curve is flat.
Economics