A firm that has taken advantage of economies of scale and expanded to become the only producer in ...

Author Question: A firm that has taken advantage of economies of scale and expanded to become the only producer in ... (Read 88 times)

maegan_martin

Hero Member
Posts: 532

on: Jun 29, 2018

A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is

A) a cartel.
B) a natural monopoly.
C) a monopolistic competitor.
D) an oligopolist.

Question 2

Public goods face the

A) principle of rival consumption.
B) free-rider problem.
C) law of overproduction.
D) exclusion principle.

kthug

Sr. Member
Posts: 332

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

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