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Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: Which of the following would create a natural monopoly?
Post by: Loraine on Jun 21, 2015
Which of the following would create a natural monopoly?
A) ownership of all the available units of a necessary input
B) an exclusive right granted to supply a good or service
C) requirement of a government license before the firm can sell the good or service
D) technology enabling a single firm to produce at a lower average total cost than two or more firms
E) a patent granted the producer of the good or service


Title: Re: Which of the following would create a natural monopoly?
Post by: Smoooth on Jul 27, 2015
Content hidden


Title: Re: Which of the following would create a natural monopoly?
Post by: Smoooth on Aug 31, 2015
You're welcome :-]