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Llanis Llanis
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6 years ago
A flour mill holding exclusive contracts to 95% of the wheat in a large geographic area may operate as a flour producing monopoly locally because
A) the mill has a very inelastic supply curve.
B) the mill is a natural monopoly.
C) the mill controls a key input.
D) the government will declare it a monopoly.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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