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Vesna [10]
3 years ago
14

In the rural farming town of York Springs, Smith's was the only grocery store and Lehman'd was the only animal feed mill. How wo

uld you describe these businesses?
A) Active competitors
B) Competitive companies
C) Natural monopolies
D) Price-controlling oligopolies
History
1 answer:
Ilia_Sergeevich [38]3 years ago
7 0
The best and most correct answer among the choices provided by the question is the third choice "natural monopolies"

Natural monopolies<span> arise where the largest supplier in an industry, often the first supplier in a market, has an overwhelming cost advantage over other actual or potential competitors; this tends to be the case in industries where fixed costs predominate.</span>

I hope my answer has come to your help. God bless and have a nice day ahead!
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