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Author Question: A firm that has taken advantage of economies of scale and expanded to become the only producer in ... (Read 60 times)

maegan_martin

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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