A necessary condition for a natural oligopoly is thatSelect an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.agovernment grants a franchise to operate in a market to a small group of firmsa small number of firms can satisfy the market demand at a higher average total cost than a large number of firms cantwo or more firms can satisfy the market demand at a lower average total cost than one firm canfirms collude

There are different forms of a market which are classified according to the characteristics of a…

A necessary condition for a natural oligopoly is that Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. government grants a franchise to operate in a market to a small group of firms a a small number of firms can satisfy the market demand at a higher average total cost than a large number of firms can two or more firms can satisfy the market demand at a lower average total cost than one firm can firms collude