When is it possible for a natural monopoly to evolve into a competitive market
A)as a market expands
B)as patent and copyright laws change
C)as technological advances give rise to economies of scale
D)as new resources are discovered

Question

Quizplus · Accepted Answer

As a market expands, the demand may increase enough to support multiple firms, reducing the natural monopoly's dominance and allowing for competition.

When Is It Possible for a Natural Monopoly to Evolve