Competitive prices for their specialty cakes

Reference no: EM13693890

Ace Bakery charges competitive prices for their specialty cakes, even though it has no competition. This is most likely because:

a. There are no economies of scale in this industry.

b. They operate in a contestable market.

c. They are a natural monopoly.

d. They care more about their customers' well-being than their own well-being.

Reference no: EM13693890

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