Wednesday, July 20, 2011

Natural monopolies occur when

ECONOMICS

Multiple Choice

Natural monopolies occur when

a.government antitrust laws are too weak or not enforced

b.negative externalities are present

c.firms collude to set prices and divide the market among themselves

d.one firm can service the market more cheaply than two or more firms can

e.a public good is produced by a private firm

Click here for the SOLUTION

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