A likely cause of a natural monopoly occurring in some industry is

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Scale economies, also known as economies of scale, occur when a firm's average cost of production decreases as the quantity produced increases. In industries where scale economies are very significant, one large firm can produce goods or services at a lower cost than a smaller firm, making it difficult for smaller firms to compete. This often leads to a natural monopoly, where the large firm has a dominant market share and little or no competition.

A Likely Cause of a Natural Monopoly Occurring in Some