milesjreece3496 milesjreece3496
  • 21-02-2024
  • Business
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A firm is most likely to monopolize a market whenever?
1) it has a U-shaped average total cost curve.
2) fixed capital costs are small relative to total costs.
3) economies of scale are large relative to market demand.
4) the income elasticity of demand is high for the firm's product.

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