Ask Question
26 September, 23:48

Suppose that the price of a bottle of vitamins is $1.33 and that at that price the total quantity demanded by consumers is 75,000,000 bottles. how many firms will there be in this industry?

+2
Answers (1)
  1. 27 September, 01:30
    0
    There is only one firm since it is a natural monopoly. This monopoly in a commerce in which high infrastructural prices and other blockades to pass qualified to the size of the market give the leading supplier in a commerce, frequently the first supplier in a market, a crushing advantage over possible competitors.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that the price of a bottle of vitamins is $1.33 and that at that price the total quantity demanded by consumers is 75,000,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers