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Nesterboy [21]
2 years ago
11

When the demand for a good or service limits the quantity that can be sold to an output at which the firm experiences economies

of scale,.
Business
1 answer:
Jet001 [13]2 years ago
3 0

When the demand for a good or service limits the amount that can be sold to an output at which the firm experiences economizing of scale, the firm is a natural monopoly.

<h3>What is the distinction between genuine monopoly and monopoly?</h3>

A natural monopoly is a firm with such extreme economies of scale that once it starts creating a certain level of output, it can produce more at a far lower cost than any smaller competitor. Natural monopolies exist far more continually than pure monopolies, mainly because the conditions are not as stringent.

<h3>Which statement is the best description of a natural monopoly?</h3>

A natural monopoly is a monopoly that occurs because a single firm can supply a good or assistance to an entire market at a smaller cost than could two or more companies.

To learn more about natural monopoly , refer

brainly.com/question/13113415

#SPJ4

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