A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?

Civil Engineering Mcqs

A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?

(A)  Perfect monopoly

(B)  Bilateral monopoly

(C)  Natural monopoly

(D)  Ordinary monopoly

Submitted By :Ali Uppal

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