A small market that can support only one competitor,such as a small-town newspaper,is an example of a(n)________ monopoly.

Question

Quizplus · Accepted Answer

A natural monopoly occurs when there are natural barriers to entry that make it difficult or impossible for competitors to enter the market. In this case, the small market can only support one competitor, making it a natural monopoly. The other options (B, C, D, E) do not accurately describe this situation.

A Small Market That Can Support Only One Competitor,such as a Small-Town