2 years ago

How does a natural monopoly function?

Mathematics

1 answer:

romanna [79]2 years ago

7 0

Answer:

D: a single firm supplies all the output.

Step-by-step explanation:

A natural monopoly runs most efficiently when one large firm supplies all of the output.

A natural monopoly occurs when the most efficient number of firms in the industry is one. As the name suggests, monopoly means single. We can also say that it is a market structure characterized by a single seller, selling a unique product in the market.

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