Natural oligopoly is a situation where A) the level of demand ...

[CharlieWard]

Natural oligopoly is a situation where
 
  A) the level of demand can support only a few firms.
  B) there is only one firm.
  C) there are only two firms.
  D) there are legal barriers to entry.

Question 2

If the government subsidizes the production of a good
 
  A) an efficient outcome for producers occurs.
  B) overproduction relative to the efficient quantity occurs.
  C) a deadweight loss is created.
  D) Both answers B and C are correct.

[livaneabi]

Answer to Question 1

A

Answer to Question 2

D

[CharlieWard]

YES! Correct, THANKS for helping me on my review

[xoxo123]

Thanks for the timely response, appreciate it