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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
CFA® 2025 Level I Curriculum, Volume 1, Module 1.