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Which of the Following,if True,is the Best Example of a Natural

Question 13

Multiple Choice

Which of the following,if true,is the best example of a natural monopoly?


A) The oil distribution industry where one distribution network serves the whole market
B) The pharmaceutical industry where patents form a barrier to entry
C) The beverages industry where the cost of capital is high and variable costs are low
D) The hospitality industry where variable costs are higher than fixed costs

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