Costs in a natural monopoly are lower because there is only one producer.
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Q81: A monopoly sets a market price that
Q132: Suppose a monopolist and a perfectly competitive
Q133: In contrast to a perfectly competitive firm,
Q134: Under both perfect competition and monopoly, a
Q135: A monopolist is a price searcher because
Q136: Compared to a perfectly competitive firm with
Q138: The monopolist, unlike the perfectly competitive firm,
Q139: The two theoretical extremes of the market
Q141: For a monopoly, price always equals marginal
Q142: The monopolist faces the market demand curve.
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