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A natural monopoly is likely to arise when:

a. the government restricts entry through licensing.

b. patents provide protection of intellectual property.

c. economies of scale exist over the relevant range of demand.

d. all of the above

 

 

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Chika Ilonah
Chika IlonahLv10
23 Oct 2020
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Related questions

31. For a monopoly or an oligopoly to exist, there must be barriers to entry, such as a. control of necessary inputs b. patents or copyrights. c. economies of scale in production. d. strategic barriers. e. all of the above.

20. Trade allows the exploitation of economies of scale because A. trade makes countries wealthier B. consumers have greater access to goods and services C. large global firms are more able to produce at volumes where unit costs are lower D. trade rules provide enhanced protection of intellectual property rights and thereby encourage investment in larger scale production technologies

2. Trade allows the exploitation of economies of scale because A. trade makes countries wealthier B. consumers have greater access to goods and services C. large global firms are more able to produce at volumes where unit costs are lower D. trade rules provide enhanced protection of intellectual property rights and thereby encourage investment in larger scale production technologies

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