A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is

Question

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A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is a natural monopoly. This means that the firm has lower average costs than any potential competitors entering the market, and thus has a significant competitive advantage. Cartels, monopolistic competitors, and oligopolists all imply the presence of more than one firm in the market, which is not the case in a natural monopoly.

A Firm That Has Taken Advantage of Economies of Scale