Question

In monopoly the nature of product will be ?

Answer 1

Answer:

Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... However, the industry is heavily regulated to ensure that consumers get fair pricing and proper services.

Answer 2

Explanation:

Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... However, the industry is heavily regulated to ensure that consumers get fair pricing and proper services.