An industry that realises such large economies of scale in producing its product that single- firm production of that good or service is most efficient is called:

Name: An industry that realises such large economies of scale in producing its product that single- firm production of that good or service is most efficient is called:
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Question

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A natural monopoly occurs when a single firm can supply a good or service to an entire market at a lower cost than two or more firms, due to large economies of scale.

An Industry That Realises Such Large Economies of Scale in Producing