A Natural Monopoly Occurs When

question 40

Multiple Choice

A natural monopoly occurs when

• A)the product is sold in its natural state, such as water or diamonds.
• B)there are economies of scale over the relevant range of output.
• C)the firm is characterized by a rising marginal cost curve.
• D)production requires the use of free natural resources, such as water or air.

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A psychoactive substance found in coffee, tea, chocolate, and certain medications, known for its stimulating effects on the central nervous system, which can enhance alertness and reduce fatigue.

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