_____ are market structures with one company as the supplier of a product because the nature of that product makes a single supplier more efficient than multiple, competing ones.
A)Monopolies
B)Oligopolies
C)Pure competitions
D)Natural monopolies

Question

Quizplus · Accepted Answer

Natural monopolies are market structures where a single firm is the most efficient supplier of a good due to economies of scale, specialized technology, or a unique resource. It is not necessarily a result of anti-competitive behavior, but rather a natural outcome of industry characteristics. Examples include utility companies and transportation systems.

_____ Are Market Structures with One Company as the Supplier