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Basic Question 2 of 22
A natural monopoly is a monopoly ______
B. that is created by natural law.
C. where natural legal barriers prevent entry.
A. that exists because of economies of scale.
B. that is created by natural law.
C. where natural legal barriers prevent entry.
User Contributed Comments 2
| User | Comment |
|---|---|
| Rivermax | eg quarry mining |
| hoyleng | B & C is legal barrier |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.