A case when internal economies of scale bring about a continuously fa – McqOptions

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1.	A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?
A.	a natural monopoly
B.	an LDC’s limit of one firm to an industry
C.	an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
D.	The existence of oligopoly
Answer» B. an LDC’s limit of one firm to an industry

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