A monopoly is most likely to emerge and be sustained when: / » Micro economics 2 solved MCQs / By admin Question: A monopoly is most likely to emerge and be sustained when: A. output demand is relatively elastic. B. firms have u-shaped, average-total-cost curves. C. fixed capital costs are small relative to total costs. D. economies of scale are large relative to market demand. Answer» d. economies of scale are large relative to market demand. Note: The above multiple-choice question is for all general and Competitive Exams in India.
