A. a natural monopoly
B. an LDC’s limit of one firm to an industry
C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
D. The existence of oligopoly
Correct Answer: a natural monopoly ✔
Last Updated: June 11, 2019
Related MCQs
- In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as ?
- Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
- An example of external diseconomies is ?
- Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
- Which of the following is True is LDCs ?
- Which of the following is not True ?
- Lack of absorptive capacity in developing countries results from ?
- You can see the computer age everywhere but, in the productivity, statistics is a attributed to which economist ?
- In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?
- Which of the following is not a nature public monopoly ?
- Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?
- he efficiency wage is the ?
- James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?
- Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?