Ask Question
22 June, 23:04

What is a market that runs most efficiently when one large firm supplies all of the output referred to as?

+4
Answers (2)
  1. 23 June, 00:53
    0
    The answer to this question is Natural monopoly.
  2. 23 June, 02:53
    0
    What is a market that runs most efficiently when one large firm supplies all of the output referred to as? Natural monopoly. A natural monopoly happens when there are high fixed costs or start-up costs when running a business in certain industries. A natural monopoly example are pipelines that run for water and gas. This is because they are expensive to start and run but also extremly necessary and specific to the industry.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is a market that runs most efficiently when one large firm supplies all of the output referred to as? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers