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Shkiper50 [21]
4 years ago
6

A natural monopoly is:

Social Studies
2 answers:
tresset_1 [31]4 years ago
3 0

Answer: C

Explanation:

An industry that runs best when one firm produces all the output

nirvana33 [79]4 years ago
3 0

Answer:

The correct option is C) An industry that runs best when one firm produces all the output.

Explanation:

A monopoly is when the entire output is achieved through just one seller. Therefore it is characterized by a lack of competition among sellers in an economic reference in order to produce any good or service.

This can lead to a monopoly of high pricing on these products and services which is set on  a high profit margin thus making the seller high monopoly profits.

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