Note AcademyNote Academy
Start

Economics · Oct / Nov 2019 · Paper 12 · Question 13

2281Types of markets

Which combination of characteristics correctly describes a monopoly?

  1. Abarriers to entry: high; economies of scale: possible
  2. Bbarriers to entry: high; economies of scale: impossible
  3. Cbarriers to entry: low; economies of scale: possible
  4. Dbarriers to entry: low; economies of scale: impossible

As printed in the paper

Show the answer

Correct answer: A. barriers to entry: high; economies of scale: possible

Sit this whole paper →More on Types of markets

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.