In general, economists are critical of monopoly where there is (are):

A. no natural monopoly.
B. persistent economies of scale.
C. only a few firms.
D. a natural monopoly.


A. no natural monopoly.

Economics

You might also like to view...

The demand curve for high-skilled workers lies to the right of the demand curve for low-skilled workers because of the costs associated with obtaining skills

Indicate whether the statement is true or false

Economics

Entry of new firms in monopolistically competitive industries can convey a positive externality on consumers because new products result in more consumer surplus. This externality is called the

Economics

Which of the following is a source of wage stickiness?

1. fixed wage contracts 2. minimum wage laws 3. workers and firms want to avoid complexity of negotiating contracts frequently A. I and III only B. I and II only C. I only D. I, II, and III

Economics

A currency depreciation is inflationary and probably also expansionary.

Answer the following statement true (T) or false (F)

Economics