A natural monopoly is characterized by large fixed costs relative to variable costs. (True or false?)

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A natural monopoly is characterized by large fixed costs relative to variable costs. (True or false?)

A natural monopoly is characterized by large fixed costs relative to variable costs.
True or false?

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Tidy Author

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9 years ago

Smart ... Thanks!

avance37

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Thank you, thank you, thank you!

Transonic

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