When an industry is a natural monopoly
A) the economies of scale in it are very great.
B) it would be most efficient to have several (or many) firms competing to supply the market.
C) it has a perfectly elastic industry demand curve.
D) the typical firm's marginal cost curve is everywhere above its average cost curve.
Correct Answer:
Verified
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A)They face
A)Some monopolists are imperfect
A)Natural monopolies may occur
A)only in
A)Since the monopolist is
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