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    Economics for Business
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    Exam 11: Profit Maximisation Under Perfect Competition and Monopoly
  5. Question
    For a Firm to Be a Natural Monopoly, Economies of Scale
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For a Firm to Be a Natural Monopoly, Economies of Scale

Question 24

Question 24

True/False

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

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