Multiple Choice
Think of the firms and industries that are familiar to you-how many firms in the industry, what their cost structures may look like-and decide which among them is least likely to be a natural monopoly.
A) a professional football franchise in Toledo, Ohio
B) a pharmaceutical firm that produces a life-saving drug after 10 years of research investment
C) a public utilities firm, such as an electric power company
D) a high school in a small rural Kentucky town
E) an alternative rock band
Correct Answer:
Verified
Correct Answer:
Verified
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