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A natural monopoly usually arises when

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A natural monopoly usually arises when

A natural monopoly usually arises when

• there are diseconomies of scale in an industry.

• the government allows unrestricted access to a market.

• companies band together to form a larger company.

• there are large economies of scale relative to the industry's demand.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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