_______ Is a Monopoly That Exists in an Industry Where

question 59

Multiple Choice

_______ is a monopoly that exists in an industry where the large economies of scale acts as its barrier to entry.

• A)A natural monopoly
• B)A monopolistic competitor
• C)A regulated monopoly
• D)A price discriminator

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Votes

Formal indications of a choice made from among options or decisions, often used in the context of elections or decision-making processes in organizations.

Revised Model Business Corporation Act

An updated model statue designed to serve as a comprehensive guide for the structuring and governance of corporations in the United States.

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another when entrusted with the care of their assets or interests.