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Basic Question 2 of 22
A natural monopoly is a monopoly ______
B. that is created by natural law.
C. where natural legal barriers prevent entry.
A. that exists because of economies of scale.
B. that is created by natural law.
C. where natural legal barriers prevent entry.
User Contributed Comments 2
| User | Comment |
|---|---|
| Rivermax | eg quarry mining |
| hoyleng | B & C is legal barrier |
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.