In Cases of Natural Monopoly, It Is Best to Have

question 41

True/False

In cases of natural monopoly, it is best to have only one firm producing all of the output in a market.

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by the rise in real GDP.

Corruption

The abuse of entrusted power for private gain, which can occur in various forms including bribery, embezzlement, and fraud, affecting economic development and governance.

World Bank

An international financial institution that provides loans and grants to countries for development projects aimed at reducing poverty.

Basic Development Projects

Initiatives aimed at foundational improvements in an economy or society, such as infrastructure, education, and health services.