Examlex
In social research,a hypothesis is best described as a(n) :
Natural Monopoly
A market condition where a single firm can supply a good or service to an entire market at a lower cost than what two or more companies could.
Least Cost
Refers to the most cost-effective method of producing a given level of output without sacrificing quality.
Horizontal Market
A market that meets a specific need across multiple industries, rather than being confined to a particular sector.
Natural Monopoly
A type of monopoly that arises due to high fixed or start-up costs associated with the business, making it efficient for only one provider to serve the entire market.
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