alleryMatch scale monopoly: 1. Scale: p. Natural 2. Costs: q. Fixed 3. Unit C: r. Falls
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
A natural monopoly arises when a single firm experiences increasing returns to scale over the relevant output range with high fixed costs.
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