Conditions where the market will support only one firm or where large economies of scale exist are termed _____.

Name: Conditions where the market will support only one firm or where large economies of scale exist are termed _____.
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Sometimes a monopoly may be "thrust upon" the monopolist because the competition failed or because of "natural monopoly" conditions where the market will support only one firm or where large economies of scale exist (such as for electricity suppliers).

Conditions Where the Market Will Support Only One Firm or Where