Queenelana Queenelana

14-11-2019
Business

contestada

How does a natural monopoly function?

A. Imperfect competition makes it difficult for firms to do business.

B. A few firms are in perfect competition.

C. A single firm supplies all the output.

D. The government supplies all buyers with the product.

Respuesta :

Аноним Аноним

22-11-2019

Answer:

c

Explanation:

Answer Link

claybnail2001 claybnail2001

22-01-2021

Answer:

A single firm supplies all the output.

Explanation:

A natural monopoly is a market that runs most efficiently when one large firm provides all the output, such as a community’s water supply.

Answer Link

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