Question

question 1 & 2. please be clear

1 of 10 (0 complete) 12.1 Review Quiz 1 (static) How does monopoly arise? A monopoly arises when a firm produces a good or service for which substitutes exist, and the firm O A. close; is protected by a barrier that prevents other firms from selling that good or service OB. close; can influence the market price O c. no close; produces an output at which disoconomies of scale exist OD. no close; is protected by a barrier that prevents other firms from selling that good or service Click to select your answer and then click Check Answer. All parts showing Clear All

Answer 1

1.A monopoly produces a good with no close substitutes and the firm is protected by barriers to entry.

Answer-D

2.Only C is correct.

Answer-C