Author Question: For a monopoly to be a natural monopoly (Read 22 times)

Shelles · **on:** Apr 19, 2019

Question 1

It would be inefficient to break up a ________ monopoly.

◦ government created
◦ price‐fixing
◦ cartelized
◦ natural

Question 2

For a monopoly to be a natural monopoly

◦ economies of scale must be realized at a scale that is close to total demand in the market.
◦ economies of scale must be realized at a scale that is small relative to the market.
◦ there must be constant returns to scale.
◦ the long-run average cost curve must continue to increase until it hits the market demand curve.

iceage · **Reply #1 on:** Apr 19, 2019

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