Multiple Choice
If you are the only seller of gasoline in a smaller town or community, your monopoly would result from:
A) sunk costs.
B) location.
C) economies of scale.
D) government restrictions.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q158: A monopoly:<br>A) takes the market price as
Q159: Which of the following is (are) true?<br>A)
Q160: A monopoly firm enjoys a _ because
Q161: A monopoly produces more than would be
Q162: Use the following to answer question(s): Computing
Q164: Use the following to answer question(s): Monopoly
Q165: If demand is elastic and price falls,
Q166: Use the following to answer question(s): Demand,
Q167: A feature of monopoly that leads to
Q168: In general, economists are critical of monopoly