Natural Oligopoly Is a Situation Where

question 194

Multiple Choice

Natural oligopoly is a situation where

• A) the level of demand can support only a few firms.
• B) there is only one firm.
• C) there are only two firms.
• D) there are legal barriers to entry.

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Definitions:

Continuous Flow

A production process where products move continuously through a series of operations, reducing wait times and inventory levels.