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Tidy Tidy
wrote...
Posts: 4852
8 years ago
To be a natural monopoly a firm must
A) control a key resource input.
B) have economies of scale that are so large that it can supply the entire market at a lower cost than two or more firms.
C) have significant network externalities.
D) be very large relative to the total market.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 159 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
VincenzoDVincenzoD
wrote...
Top Poster
Posts: 1913
8 years ago
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