What MIGHT be a benefit of natural monopolies, or economies of scale?
A) Natural monopolies might offer a cost advantage due to the size of the firm.
B) Natural monopolies might offer a variety of alternatives for goods and services.
C) Natural monopolies might offer convenient locations for payment of goods and services.
D) Natural monopolies might offer consumers the latest products due to research and development.

Which determinant MIGHT increase supply in the market?
A) an increase in the price of complementary goods
B) an increase in the number of sellers of a product
C) an increase in the number of consumers in the market

Sara wants to start her own business. She is not sure if she wants to be a sole proprietor or get a partner. She asks a financial adviser about the different ways in which she might finance her company. What would an adviser tell her is a disadvantage of getting a partner?
A) She is responsible for paying all shareholders.
B) She has to share all of the profits with the partner.
C) She has to go through a government application process.
D) She is responsible for all of the debts the business incurs.

For which market model is there a very large number of firms (offering the same goods for sale), which helps to lower costs and prices?
A) monopoly
B) oligopoly
C) perfect competition
D) monopolistic competition