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Basic Question 8 of 22
An industry in which one firm can supply the entire market at a lower price than two or more firms can is displaying a ______.
B. natural monopoly
C. price-discriminating monopoly
A. legal monopoly
B. natural monopoly
C. price-discriminating monopoly
User Contributed Comments 1
| User | Comment |
|---|---|
| Sumit14 | economies of scale |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.