Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
(D) Natural monopoly
The situation in which one firm can produce the total output of the market at lower cost than several firms is called a Natural monopoly.
There are many kinds of monopoly that exist in a particular market which are pure monopoly where only single seller is there with no competition.
Another kind of monopoly is the cost monopoly where the price is determined on the basis of the cost of the articles produced.
Ruling monopoly is another kind of monopoly which is greatest kind of monopoly in the competition only one produce rules and natural monopoly in which naturally the product is single selling.
To learn more about monopoly here,
https://brainly.com/question/5992626
#SPJ4
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
