A Sunk-Cost Monopoly Is Most Likely to Result If a Single

A sunk-cost monopoly is most likely to result if a single firm:

A) is the only seller in a small town or community.
B) is investor owned, but granted the exclusive right by the government to operate in a market.
C) experiences long-run increasing economies of scale over a wide range of output.
D) has made extensive investments in advertising to establish brand-name recognition among consumers.

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