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Economics
MEDIUM
ENGLISH
Economics
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 natural monopoly
Correct answer
B
an LDC’s limit of one firm to an industry
Option B
C
an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
Option C
D
The existence of oligopoly
Option D
Correct answer: A
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