A Natural Monopoly Exists When a Single Company Can Fill

question 9

True/False

A natural monopoly exists when a single company can fill the needs of all customers in a specific area.

---

Definitions:

Genchi Genbutsu

A Japanese term meaning "go and see for yourself," which encourages managers to understand a situation or problem by observing it directly on the ground.

Communicate Goals

The act of sharing, discussing, or setting objectives with others to ensure clarity and alignment within a team or organization.

Lawful Strike

A work stoppage by a union or employee group that is legally permitted and does not violate any contract or statutory provision.

Collective Agreement

A written contract between an employer and a union representing employees, outlining terms of employment, salaries, and working conditions.