A Natural Monopoly Exists When a Single Producer Is Able

question 65

True/False

A natural monopoly exists when a single producer is able to produce at a lower cost than competing firms could.

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Definitions:

Hominin Tools

Artifacts made by early humans and their predecessors used for various purposes like hunting and tool-making.

Million Years Ago

A time scale used to describe events or phenomena that occurred a specific number of millions of years in the past.

Oldest

Referring to something or someone with the greatest age in a group or of its kind.

Dental Force

The magnitude of pressure applied by the teeth during biting or chewing.