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Economics (AS & A Level) · May / June 2023 · Paper 32 · Question 9

9708Different market structures

A privately owned sole supplier of gas operates in an unregulated market with high barriers to entry and exit. Which row is most likely to indicate the economic efficiency resulting from the firm's position in this market?

  1. Ano / no / no
  2. Bno / no / yes
  3. Cno / yes / yes
  4. Dyes / no / yes

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Correct answer: B. no / no / yes

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