The Situation in Which One Firm Can Produce the Total

question 71

Multiple Choice

The situation in which one firm can produce the total output of the market at lower cost than several firms is called

• A)natural monopoly.
• B)pure monopoly.
• C)ruling monopoly.
• D)cost monopoly.

---

Definitions:

Making Money

The process of earning a profit or revenue, typically through business activities, employment, or investments.

Nonprofit Organization

An entity that operates for a purpose other than to make profits for its owners, often focused on social, charitable, or community goals.

For-Profit Organization

An organization that operates with the main goal of making a profit, typically by selling goods or services.

Privately Owned

property or businesses solely owned by individuals or private entities, not controlled by the government or public sector.