Multiple Choice
Which of the following might be a reason that a monopoly could exist?
A) A business owns a patent on a good, service, or idea
B) Economies of scale exist
C) A single business owns one of the most important resources used to make a good
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q43: What is the first determinant of supply?<br>A)Technology<br>B)Expectations
Q44: Because there is no incentive to protect
Q45: If the marginal cost is greater than
Q46: What is the main difference between the
Q47: To illustrate an economic model such as
Q49: If the demand for a particular good
Q50: MBC Electronics is a strong-performing firm that
Q51: What is the name for the practice
Q52: What is the difference between the very
Q53: The short term aggregate supply curve slopes