A Monopoly Is Most Likely to Emerge in a Market

question 166

Multiple Choice

A monopoly is most likely to emerge in a market when

• A) the producers in the market have U-shaped average total cost curves.
• B) the price elasticity of demand for the product is high.
• C) the cost of entry and exit into the market is low.
• D) economies of scale are large relative to market demand.

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Definitions:

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