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Basic Question 5 of 22
Which of the following conditions is not one that supports monopoly?
B. Control over an essential natural resource
C. Diseconomies of scale
A. Patents, or government's decision to license only one firm
B. Control over an essential natural resource
C. Diseconomies of scale
User Contributed Comments 3
| User | Comment |
|---|---|
| frants54 | hope no one got that wrong! |
| maryprz14 | lol |
| Huricane74 | @frants54, Even if you do not know what "diseconomies of scale mean," you should be able to still be able to identify the correct answer through the process of elimination. A.) Patents and government licences restricted to a single firm support monopolies. B.) Controlling an essential natural resource results in a monopoly. This leaves just C as an option. |
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Edward Liu
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2024 Level I Curriculum, Volume 1, Module 1.