Multiple Choice
All of the following,except one,are true statements about a natural monopoly.Which one is the exception?
A) It is able to produce at a lower cost than competing firms could.
B) It has economies of scale and a declining LRAC over the relevant range of demand.
C) The demand for its product is perfectly elastic.
D) The demand is perfectly inelastic.
Correct Answer:

Verified
Correct Answer:
Verified
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