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For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to ...

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For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to ...

Question 1.

Breaking up a natural monopoly would be ________.

▸ economically efficient.

▸ illegal.

▸ impossible.

▸ inefficient.

Question 2.

For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to total demand in the market.

▸ a natural monopoly

▸ unregulated

▸ profitable

▸ granted patents

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 101 times

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lizsmith Author

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