O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2010 · Q191 Mark
What is correct about a monopoly?
AIt may benefit from economies of scale.
BIt must be privately not state owned.
CIts costs are always higher than those of a firm in perfect competition.
DIt sells only one product.
✓ Correct answer
A: It may benefit from economies of scale.
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