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QAn industry in which technical factors preclude the efficient existence of more than one producer. This situation is called:

ID: #19752 Pakistan Economy 65 views
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#19752Q ID
ModerateDifficulty
Pakistan EconomyTopic
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  • A Natural Monopoly ✔ ✖
  • B Monopoly ✔ ✖
  • C Engineered Monopoly ✔ ✖
  • D Duopoly ✔ ✖
Correct Answer: Option A

Explanation

Natural Monopoly
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