Note AcademyNote Academy
Start

Economics · Oct / Nov 2025 · Paper 13 · Question 16

2281Types of markets

What would make the existence of a monopoly market more likely?

  1. Aconsumers prefer a variety of choice in products
  2. Bsignificant economies of scale can be achieved
  3. Cthere are low barriers to entry and exit for firms
  4. Dthere are no restrictions on international trade

As printed in the paper

Show the answer

Correct answer: B. significant economies of scale can be achieved

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.