In the Case Where a Natural Monopoly Exists in an Industry

question 256

Multiple Choice

In the case where a natural monopoly exists in an industry,

• A) a competitive market structure will be costly and difficult to maintain.
• B) a competitive market structure will be more efficient and more equitable.
• C) government regulations will always improve efficiency in this industry.
• D) economies of scale will not be a consideration when analyzing the proper structure of the industry.

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