Multiple Choice
In Galvania Republic, the federal government owns and manages all the nuclear power plants.This is because the business would not be profitable if there was more than one supplier in the nuclear power industry.Which of the following industry competitive structures does the scenario best illustrate?
A) Monopolistic competition
B) Oligopoly
C) Natural monopoly
D) Perfect competition
Correct Answer:
Verified
Correct Answer:
Verified
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