Multiple Choice
A natural monopoly refers to:
A) Any monopoly based on natural resources.
B) Any monopolized market.
C) A monopolized market where the barriers to entry are not structural.
D) A market for which the total cost incurred by a single firm producing that output is less than the combined total cost of two or more firms producing the same total output between them.
Correct Answer:
Verified
Correct Answer:
Verified
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