_____ 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) Monopolistic competitions
B) Oligopolies
C) Pure competitions
D) Natural monopolies

Question

Quizplus · Accepted Answer

Natural monopolies occur when a single supplier is more efficient due to the nature of the product, often because of high infrastructure costs or unique resource control, making competition impractical.

_____ Are Market Structures with One Company as the Supplier