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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
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2 votes
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.

User Treffynnon
by
7.7k points

2 Answers

6 votes

Answer:

A single firm supplies all the output.

Step-by-step 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.

User Gautamlakum
by
7.6k points
1 vote

Answer:

c

Step-by-step explanation:

User MicroVirus
by
8.2k points
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