Vidyalelo
Commerce · Q1516

Economics

Graduate and Post Graduate · Commerce · question 1516

Q1516

A natural monopoly is a market situation, in which

A.
all firms sell natural resources
B.
a single firm supplies natural resources to an entire industry
Answer
C.
a single firm can supply the market output more efficiently than many firms
D.
None of the above

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board