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In which market type is it most efficient to allow one producer to exist and for government to work with that producer?
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In which market type is it most efficient to allow one producer to exist and for government to work with that producer?

User Rex
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2 Answers

3 votes

Answer:

A monopolistic market may quote high prices. Since there is no other competitor to fear, the sellers will use their status of dominance and maximize their profits. Oligopoly markets, on the other hand, ensure competitive hence fair prices for the consumer.

Step-by-step explanation:

hope it helps

User Nepho
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3 votes

Answer:

Natural Monopoly

Step-by-step explanation:

A market has a natural monopoly if one company can serve it more profitably than any combination of two or more businesses.

User Brian Oliver
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