Which of the following describes a natural monopoly?
a. When economies of scale are large relative to size of market
b. Created by the government through patents, copyrights
c. When one firm has control of a physical resource
d. When one firm pursues predatory pricing
a. When economies of scale are large relative to size of market
Economics
You might also like to view...
Which of the following is a likely effect of tariffs on trade?
a. higher sales of imported goods b. lower prices of imported goods c. lower sales of imported goods d. higher quotas for imported goods
Economics
The most broadly based stock index in use is the:
A. Dow Jones Industrial Average. B. Wilshire 5000. C. Standard and Poor's 500 Index. D. Nasdaq Composite Index.
Economics