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Loraine Loraine
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8 years ago
A natural monopoly
A) sells to a single buyer.
B) sets price equal to marginal revenue.
C) is a firm than can supply the market at lower average total cost than two or more firms.
D) produces a natural resource.
E) faces a horizontal demand curve.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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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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VincenzoDVincenzoD
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Loraine Author
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8 years ago
Thanks for your help!!
my2redeyes
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Helped a lot
kater28
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This site is awesome
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