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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 used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.