A monopoly based on size and market strength is known as __________.

technological monopoly

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natural monopoly

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geographical monopoly

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government monopoly

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Solution

The correct option is C natural monopoly
Natural monopoly is a situation which exist due to the high fixed or start up costs to set up a business. It is seen basically where there are unique technology, raw materials.etc. Hence, a monopoly based on size and market strength is known as natural monopoly.

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