O-LevelEconomicsMicroeconomic decision makers2281/13 · Oct/Nov 2025 · Q161 Mark
What would make the existence of a monopoly market more likely?
Aconsumers prefer a variety of choice in products
Bsignificant economies of scale can be achieved
Cthere are low barriers to entry and exit for firms
Dthere are no restrictions on international trade
✓ Correct answer
B: significant economies of scale can be achieved
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