A natural monopoly arises when the government creates a legal barrier that prevents firms from entering a market.

Name: A natural monopoly arises when the government creates a legal barrier that prevents firms from entering a market.
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Quizplus · Accepted Answer

A natural monopoly occurs when a single firm can supply a product or service at a lower cost than any potential competitor, often due to economies of scale, not because of government-created legal barriers.

A Natural Monopoly Arises When the Government Creates a Legal