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Go Back   Freemason Hirams Travels Masonic Forums > Social Science > Economics

Economics Economics

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Old 04-06-2008, 09:15 PM
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Can someone help me with this economics question?

As the demand for a product falls, it is not uncommon for the industry to become a monopoly. This is most likely due to...?


a. an increase in the number of barriers.
b. legal restrictions being imposed.
c. the surviving firm operating on the declining part of its average cost curve.
d. patent protection causing high prices.
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