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a. The firm controls the entire supply of a raw material. b. Production of the industry's product is subject to economies of scale over a broad range of output. c. Production of the industry's product requires a large initial capital investment. d. The firm holds an exclusive government franchise.
a.The firm controls the entire supply of a raw material.
c.Production of the industry's product requires a large initial capital investment
d.The firm holds an exclusive government franchise.
Option " C " Is Right Answer
Answer option: >>>>>>>>>>>>>>>>>>>>>>
c. Production of the industry's product requires a large initial capital investment.
a. The firm controls the entire supply of a raw material.
d. The firm holds an exclusive government franchise.
Third option..Option C is the right one.
c. Production of the industry's product requires a large initial capital investment.
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