Answer: The following statements are true about this natural monopoly: It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
Natural monopoly is a form of monopoly that persists because of start-up costs of administrating a business organization in a particular industry. A organization with natural monopoly will be the only supplier of a commodity or service in an industry.
The true statement about natural monopoly is this: It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.
A Monopoly is a system where an individual tends to grab everything. In this system, the individual or group tends to control everything and have the power to do and undo situations.
A Natural monopoly is a form of monopoly that exists because of startup cost of administrating a business organization in a particular sector. This kind of organization usually is the only supplier of that product in the industry.
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