

MCQOPTIONS
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1. |
A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ? |
A. | Perfect monopoly |
B. | Bilateral monopoly |
C. | Natural monopoly |
D. | Ordinary monopoly |
Answer» D. Ordinary monopoly | |