A market that will naturally end up with just one seller is a(n)
A)evolutionary monopoly.
B)natural monopoly.
C)competitive monopoly.
D)entry barrier monopoly.

Question

Quizplus · Accepted Answer

A natural monopoly occurs when a single firm can produce output at a lower cost than any combination of two or more smaller firms. This leads to a situation where a single firm dominates the market, and it is difficult for new firms to enter due to high start-up costs or other barriers to entry, ultimately leading to a market with only one seller.

A Market That Will Naturally End Up with Just One