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Discussion :: Engineering Economics

  1. A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.

    2. A.

     Perfect monopoly
    B.

     Bilateral monopoly
    C.

     Natural monopoly
    D.

     Ordinary monopoly

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    Workspace

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    Answer : Option C

    Explanation :

    Explanation Not Provided

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