A-LevelEconomicsThe price system and the microeconomy9708/33 · Oct/Nov 2017 · Q61 Mark
What is a feature of a natural monopoly?
- 6A The monopoly produces a product that has no close substitutes. B Average costs fall over the entire range of output. C The monopoly controls the supply of its raw materials. D Diseconomies of scale set in at low levels of output.[1]
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2017). The mark or mark type is shown in brackets.
- [1] B
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