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​Suppose That a Market That Is a Natural Monopoly Has

Question 31

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​Suppose that a market that is a natural monopoly has three producers providing the good to this market. This situation will


A) ​result in lower prices for consumers under all circumstances.
B) ​result in higher average costs for each producer than if there were only a single producer.
C) ​result in all firms taking full advantage of economies of scale in the production of the good.
D) result in a more efficient outcome than the market with fewer producers.

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