2 years ago

Which is an example of a natural monopoly?

Social Studies

1 answer:

Galina-37 [17]2 years ago

3 0

Answer:

An example of a natural monopoly is tap water.

Explanation:

A natural monopoly occurs when the most efficient number of firms in the industry is one. A natural monopoly will typically have very high fixed costs meaning that it is impractical to have more than one firm producing the good.

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