1) Point out the case for a 'Natural Monopoly.

2) What are the features of oligopoly? Compare it with the other market structures

1. natural monopoly exists due to the high start-up costs or powerful economies of scale of conducting a business in a specific industry. A company with a natural monopoly might be the only provider or a product or service in an industry

or geographic location.

2..The following are the features of oligopoly:

Interdependence

Lack of uniformity

Group behavior

No unique pattern of pricing

• Oligopoly vs others In an oligopoly, two or more companies control the market, none of which can keep the others from having significant influence.