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Which of the Following,if True,would Be Considered a Natural Monopoly

Question 77

Multiple Choice

Which of the following,if true,would be considered a natural monopoly?


A) The pharmaceuticals industry where patents form a barrier to entry
B) The airlines industry that has high fixed costs and high operating costs
C) The software industry that has very low marginal costs
D) The utilities industry that has falling average costs over the entire range of output

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