A Natural Monopoly Arises When

question 238

Multiple Choice

A natural monopoly arises when

• A)there are constant returns to scale over the relevant range of output.
• B)there are economies of scale over the relevant range of output.
• C)one firm owns a key natural resource.
• D)the government gives a single firm the exclusive right to produce a particular good or service.

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Definitions:

LOCATE

A command or function in programming and software applications that is used to find and identify the position of a specified piece of data within a file or database.

LOOKUP

A function used in spreadsheet programs that searches one or more rows or columns for a specified value and returns a corresponding value from a different row or column in the same range.

Grade Filter

A feature or tool used to sort or classify data, often educational grades, based on specified criteria or standards.

Sort A to Z

A function in data management and spreadsheet software that arranges data in ascending alphabetical or numerical order.