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Monopolies arise because a. There are many substitute products b. Diseconomies of scale may require...

Monopolies arise because
a. There are many substitute products
b. Diseconomies of scale may require one very large producer to minimize long-run average costs
c. Competitive firms fail to produce quality products
d. Of all the above
e. Of barrier to entry that prohibit competitors from entering the industry?
In Economics
2 Answers Available
Asked by Borrison on 25th May, 2019
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free