O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2019 · Q131 Mark
Why is the energy supply industry dominated by very large firms in many economies?
AGovernment controls prevent the exploitation of consumers.
BHigh fixed capital costs exist.
CLabour-intensive production techniques are used.
DNon-price advertising increases competition.
✓ Correct answer
B: High fixed capital costs exist.
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