turecomcourses1390584quizzes1970785take ECON101 Canvas D Hon

ture.com/courses/1390584/quizzes/1970785/take ECON101 Canvas D Honesty Test (ICAN! C: Coinbase III GDAX TradingView D Question 1 14 pts A local electricity-generating company has a monopoly that is protected by an entry barrier that takes the form of economies of scale a perfectly inelastic demand curve network externalities control of a key raw material Question 2 14 pts A monopoly differs from monopolistic competition in that in a monopoly there are significant entry barriers but there are low barriers to entry in a monopolistically competitive market structure

Solution

The correct option is option a, because for a electricity generating company the averge costs are decreasing.