Answered: Why does a monopoly arise? because of…

Why does a monopoly arise? because of diseconomies of scale because entry to an industry is blocked because of elastic demand because firms want to maximize profits

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 3CQQ

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Question

Why does a monopoly arise?
O because of diseconomies of scale
because entry to an industry is blocked
because of elastic demand
because firms want to maximize profits

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