Business
Business, 20.04.2020 23:24, mlrood2013oy11gv

Indicating which barrier to entry appropriately explains why a monopoly exists in the scenario below:
In the natural gas industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary pipes and hoses makes it risky and, most likely, unprofitable for competitors to enter the market.

a) Exclusive Ownership of a Key Resource
b) Government-Created Monopolies
c) Economies of Scale

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Answers: 2

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Indicating which barrier to entry appropriately explains why a monopoly exists in the scenario below...

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