A virtuous cycle occurs
A) when monopoly profits are used to create new products for additional monopoly profits.
B) when lobbyists petition the government to grant a public franchise; the lobbyist then raise money for the government who granted the franchise.
C) when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.
D) when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.

Question

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The Answer of A virtuous cycle occurs
A) when monopoly profits are used to create new products for additional monopoly profits.
B) when lobbyists petition the government to grant a public franchise; the lobbyist then raise money for the government who granted the franchise.
C) when a firm's sales volume reaches a level where the firm can take advantage of economies of scale; thereby reducing the price of the product to further boost its sales.
D) when a firm can attract enough buyers initially to increase a product's usefulness to attract even more buyers.

A Virtuous Cycle Occurs