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A natural monopoly (Multiple Choice Question)

Loraine

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A natural monopoly (Multiple Choice Question)

A natural monopoly
A) arises as a result of legal barriers to entry.
B) occurs when one firm controls a natural resource.
C) arises when one firm can meet the entire market demand at a lower average total cost than two or more firms.
D) Both answers A and B are correct.
E) Both answers A and C are correct.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Smoooth

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Smoooth

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8 years ago

No problemo Happy Dummy

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