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Which of the following would normally be a characteristic of a monopoly? (a) have high economies in size (b) protected by consumers (c) have controls over vital raw materials (d) protected by a limited market which supports only one firm 1

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Which of the following would normally be a characteristic of a monopoly?

(a) have high economies in size

(b) protected by consumers

(c) have controls over vital raw materials

(d) protected by a limited market which supports only one firm

1. (a) and (c) only

2. (b) and (c) only

3. (a) and (b) only

4. (a), (b), and (d)