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Some products are produced most efficiently when there is a single supplier. What is this called? Natural monopoly Natural resources Price controls Wage controls

Whitney Matthews

in Business

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1 answer

Whitney Matthews on January 7, 2019

The correct option is A. a Natural monopoly is defined as exclusive control of, an offer or a company as a result of a high-upcosts are necessary to operate the business in a particular industry. Natural monopoly may also occur as a result of special laws, materials, technology, etc., which are necessary to operate in the industry. The products of this type of company can be produce more efficiently as a result of economies of scale.

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