Question 20
Question 20 of 40
Question image for Q20
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
3. Microeconomic decision...
3.8. Market structure

Characteristics, advantages and disadvantages of monopoly.

3. Microeconomic decision...
3.5. Firms

How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes.

2. The allocation of reso...
2.10. Market failure

With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility.