_______ is a monopoly that exists in an industry where the large economies of scale acts as its barrier to entry.
A)A natural monopoly
B)A monopolistic competitor
C)A regulated monopoly
D)A price discriminator

Question

Quizplus · Accepted Answer

A natural monopoly exists when a single firm can supply the entire market at a lower cost than any combination of two or more firms, due to large economies of scale.

_______ Is a Monopoly That Exists in an Industry Where