Multiple Choice
If a new seller enters a market to compete with an existing natural monopoly,it will ________.
A) decrease costs for both sellers
B) increase the costs of production for both sellers
C) increase the production costs for the existing seller, and decrease the production costs for the new entrant
D) decrease the production costs for the existing seller, and increase the production costs for the new entrant
Correct Answer:
Verified
Correct Answer:
Verified
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