A private sector firm is the only supplier of rail services between two cities. What will stop the firm charging very high ticket prices?
A.
barriers to entry into rail services
B.
competition from public road transport
C.
government policy encouraging monopoly power
D.
high costs of maintaining rail tracks
Exam No：0455_s21_qp_12 Year：2021 Question No：15
Answer:
B
Knowledge points:
2.11.2 government intervention to address market failure
Solution:
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