MCQOPTIONS
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| 1. |
An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ? |
| A. | a fixed cost monopoly |
| B. | a natural monopoly |
| C. | a government franchise monopoly |
| D. | a economies of scale monopoly |
| Answer» C. a government franchise monopoly | |