A Natural Monopoly Exists When

question 186

Multiple Choice

A natural monopoly exists when

• A) a single firm has control over a natural resource, such as timber.
• B) ATC in an industry will be at a minimum if output is produced by a single firm.
• C) a firm has an exclusive patent or license to produce a product granted by the government.
• D) entering the industry is barred by governmental authorities.

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Definitions:

Data Discussion

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Descriptive Abstract

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Important Results

Significant outcomes or findings that emerge from research or experiments, often contributing new knowledge or understanding.

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