Which of the Following Is True of a Natural Monopoly

question 66

Multiple Choice

Which of the following is true of a natural monopoly?

• A)The operation of more than one firm reduces the production efficiency of the market.
• B)The good that is sold by a natural monopoly is easily substitutable.
• C)The firm produces at the point where marginal revenue equals price.
• D)The natural monopoly market has no barriers to entry and exit.

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