Note AcademyNote Academy
Start

Economics · May / June 2022 · Paper 12 · Question 10

2281Types of markets

What could cause profits to be high in a monopoly market?

  1. Abarriers to entry
  2. Bdiseconomies of scale
  3. Celastic demand for the product
  4. Dhigh number of substitutes for the product

As printed in the paper

Show the answer

Correct answer: A. barriers to entry

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.