Question: If a company builds a complex infrastructure, which would be inefficient for a second firm to duplicate, the industry may develop into a technology cooperative.
If a company builds a complex infrastructure, which would be inefficient for a second firm to duplicate, the industry may develop into a
| technology cooperative. | ||
| market failure. | ||
| natural monopoly. | ||
| collaborative network. |
One concern of critics of regulation is
| their cyclical nature deems them virtually worthless. | ||
| the number of people it takes to enforce the rules. | ||
| the high cost to small and manufacturing businesses. | ||
| the exorbitant fees paid by natural monopolies. |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
